ETHEREUM CLASSIC - ETC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSDT
ISIN:

ETHEREUM CLASSIC - ETC/USDT - Daily - Technical analysis published on 12/02/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

17%

44%

My opinion

Bearish under 20.39 USDT

My targets

18.12 USDT (-7.08%)

16.04 USDT (-17.73%)

My analysis

The bearish trend is currently very strong for ETHEREUM CLASSIC - ETC/USDT. As long as the price remains below the resistance at 20.39 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 18.12 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.04 USDT as an objective. Crossing it would then enable sellers to target 13.70 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

5.4

Comment on the analysis

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.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USDT rating 19.50 USDT. The price registered a decrease of -1.22% on the session and was between 19.32 USDT and 19.86 USDT. This implies that the price is at +0.93% from its lowest and at -1.81% from its highest.

19.32

19.86

19.50

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 this Daily chart of ETHEREUM CLASSIC - ETC/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, only 7 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	13.70	18.12	19.50	20.39	24.39	37.10
Change (%)	-29.74%	-7.08%	-	+4.56%	+25.08%	+90.26%
Change	-5.80	-1.38	-	+0.89	+4.89	+17.60
Level	Major	Intermediate	-	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	18.83	19.24	19.49	19.90	20.15	20.56	20.81
Camarilla	19.56	19.62	19.68	19.74	19.80	19.86	19.92
Woodie	18.75	19.20	19.41	19.86	20.07	20.52	20.73
Fibonacci	19.24	19.49	19.65	19.90	20.15	20.31	20.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.01	15.61	17.74	19.34	21.47	23.07	25.20
Camarilla	18.84	19.19	19.53	19.87	20.21	20.55	20.90
Woodie	14.28	15.74	18.01	19.47	21.74	23.20	25.47
Fibonacci	15.61	17.04	17.92	19.34	20.77	21.65	23.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.38	11.80	16.04	21.46	25.70	31.12	35.36
Camarilla	17.63	18.52	19.41	20.29	21.18	22.06	22.95
Woodie	5.80	11.51	15.46	21.17	25.12	30.83	34.78
Fibonacci	11.80	15.49	17.77	21.46	25.15	27.43	31.12

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):	43.68
MACD (12,26,9):	-0.7200
Directional Movement:	-11.80
AROON (14):	35.71
DEMA (21):	19.03
Parabolic SAR (0,02-0,02-0,2):	20.47
Elder Ray (13):	-0.22
Super Trend (3,10):	22.28
Zig ZAG (10):	19.52
VORTEX (21):	0.9500
Stochastique (14,3,5):	70.87
TEMA (21):	19.39
Williams %R (14):	-37.80
Chande Momentum Oscillator (20):	1.36
Repulse (5,40,3):	-1.5600
ROCnROLL:	2
TRIX (15,9):	-0.6400
Courbe Coppock:	1.28

MA7:	19.73
MA20:	19.65
MA50:	21.94
MA100:	26.56
MAexp7:	19.71
MAexp20:	20.14
MAexp50:	22.15
MAexp100:	24.67
Price / MA7:	-1.17%
Price / MA20:	-0.76%
Price / MA50:	-11.12%
Price / MA100:	-26.58%
Price / MAexp7:	-1.07%
Price / MAexp20:	-3.18%
Price / MAexp50:	-11.96%
Price / MAexp100:	-20.96%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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