ETHEREUM CLASSIC - ETC/USDT - Weekly - Technical analysis published on 11/26/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 24.39 USDT
My targets
17.43 USDT (-12.34%)
13.70 USDT (-31.09%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM CLASSIC - ETC/USDT as long as the price remains well below 24.39 USDT. The next bearish objective for sellers is set at 17.43 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 13.70 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USDT rating 19.88 USDT. The price registered an increase of +9.41% over 5 days and has been traded over the last 5 days between 17.47 USDT and 20.94 USDT. This implies that the 5 day price is +13.80% from its lowest point and -5.06% from its highest point.17.47
20.94
19.88
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USDT in Weekly shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 13.70 | 19.88 | 24.39 | 43.60 | 74.49 |
| Change (%) | -31.09% | - | +22.69% | +119.32% | +274.70% |
| Change | -6.18 | - | +4.51 | +23.72 | +54.61 |
| Level | Major | - | Intermediate | Intermediate | 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 | 18.71 | 19.18 | 19.64 | 20.11 | 20.57 | 21.04 | 21.50 |
| Camarilla | 19.83 | 19.92 | 20.01 | 20.09 | 20.18 | 20.26 | 20.35 |
| Woodie | 18.70 | 19.18 | 19.63 | 20.11 | 20.56 | 21.04 | 21.49 |
| Fibonacci | 19.18 | 19.54 | 19.76 | 20.11 | 20.47 | 20.69 | 21.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.53 | 17.70 | 18.60 | 19.77 | 20.67 | 21.84 | 22.74 |
| Camarilla | 18.94 | 19.13 | 19.32 | 19.51 | 19.70 | 19.89 | 20.08 |
| Woodie | 16.41 | 17.63 | 18.48 | 19.70 | 20.55 | 21.77 | 22.62 |
| Fibonacci | 17.70 | 18.49 | 18.98 | 19.77 | 20.56 | 21.05 | 21.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.04 | 17.43 | 20.84 | 24.23 | 27.64 | 31.03 | 34.44 |
| Camarilla | 22.39 | 23.01 | 23.64 | 24.26 | 24.88 | 25.51 | 26.13 |
| Woodie | 14.06 | 17.44 | 20.86 | 24.24 | 27.66 | 31.04 | 34.46 |
| Fibonacci | 17.43 | 20.02 | 21.63 | 24.23 | 26.82 | 28.43 | 31.03 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.40 | |
| MACD (12,26,9): | -2.4700 | |
| Directional Movement: | -0.21 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 22.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.37 | |
| Elder Ray (13): | -5.08 | |
| Super Trend (3,10): | 16.40 | |
| Zig ZAG (10): | 19.85 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 6.54 | |
| TEMA (21): | 21.97 | |
| Williams %R (14): | -89.26 | |
| Chande Momentum Oscillator (20): | -12.57 | |
| Repulse (5,40,3): | -13.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6300 | |
| Courbe Coppock: | 45.59 |
| MA7: | 19.31 | |
| MA20: | 20.20 | |
| MA50: | 22.55 | |
| MA100: | 27.40 | |
| MAexp7: | 22.08 | |
| MAexp20: | 25.46 | |
| MAexp50: | 29.08 | |
| MAexp100: | 29.22 | |
| Price / MA7: | +2.95% | |
| Price / MA20: | -1.58% | |
| Price / MA50: | -11.84% | |
| Price / MA100: | -27.45% | |
| Price / MAexp7: | -9.96% | |
| Price / MAexp20: | -21.92% | |
| Price / MAexp50: | -31.64% | |
| Price / MAexp100: | -31.96% |
Quotes :
-
Real time data
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