ETHEREUM CLASSIC - ETC/USDT - 1H - Technical analysis published on 10/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 24.81 USDT
My targets
25.74 USDT (+3.00%)
27.81 USDT (+11.28%)
My analysis
A bullish trend on ETHEREUM CLASSIC - ETC/USDT both in substance and in the short term. A purchase could be considered as long as the price remains above 24.81 USDT. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 25.74 USDT. Then the price could move towards 27.81 USDT. Then 30.94 USDT by extension. Be careful, a return below 24.81 USDT would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.6
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USDT rating 24.99 USDT. The price has increased by +0.85% since the last closing and was between 24.19 USDT and 25.02 USDT. This implies that the price is at +3.31% from its lowest and at -0.12% from its highest.24.19
25.02
24.99
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USDT in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.61 | 24.39 | 24.81 | 24.99 | 25.74 | 27.81 | 30.94 |
| Change (%) | -5.52% | -2.40% | -0.72% | - | +3.00% | +11.28% | +23.81% |
| Change | -1.38 | -0.60 | -0.18 | - | +0.75 | +2.82 | +5.95 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.42 | 24.09 | 24.43 | 25.10 | 25.44 | 26.11 | 26.45 |
| Camarilla | 24.50 | 24.60 | 24.69 | 24.78 | 24.87 | 24.97 | 25.06 |
| Woodie | 23.27 | 24.01 | 24.28 | 25.02 | 25.29 | 26.03 | 26.30 |
| Fibonacci | 24.09 | 24.47 | 24.71 | 25.10 | 25.48 | 25.72 | 26.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.12 | 19.50 | 21.37 | 22.75 | 24.62 | 26.00 | 27.87 |
| Camarilla | 22.35 | 22.64 | 22.94 | 23.24 | 23.54 | 23.84 | 24.13 |
| Woodie | 18.37 | 19.62 | 21.62 | 22.87 | 24.87 | 26.12 | 28.12 |
| Fibonacci | 19.50 | 20.74 | 21.51 | 22.75 | 23.99 | 24.76 | 26.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.92 | 17.79 | 22.76 | 31.63 | 36.60 | 45.47 | 50.44 |
| Camarilla | 23.93 | 25.20 | 26.47 | 27.74 | 29.01 | 30.28 | 31.55 |
| Woodie | 6.98 | 16.82 | 20.82 | 30.66 | 34.66 | 44.50 | 48.50 |
| Fibonacci | 17.79 | 23.07 | 26.34 | 31.63 | 36.91 | 40.18 | 45.47 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.97 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | 0.93 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 24.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.20 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 25.20 | |
| Zig ZAG (10): | 24.97 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 62.86 | |
| TEMA (21): | 24.54 | |
| Williams %R (14): | -1.20 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 2.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 2.84 |
| MA7: | 24.18 | |
| MA20: | 23.67 | |
| MA50: | 27.97 | |
| MA100: | 31.54 | |
| MAexp7: | 24.70 | |
| MAexp20: | 24.79 | |
| MAexp50: | 24.84 | |
| MAexp100: | 24.48 | |
| Price / MA7: | +3.35% | |
| Price / MA20: | +5.58% | |
| Price / MA50: | -10.65% | |
| Price / MA100: | -20.77% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +0.81% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +2.08% |
Quotes :
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Real time data
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