ETHEREUM CLASSIC - ETC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	ETCUSDT
ISIN:

ETHEREUM CLASSIC - ETC/USDT - Weekly - Technical analysis published on 05/18/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 24.03 USDT

My targets

14.13 USDT (-23.62%)

My analysis

All elements being clearly 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 24.03 USDT. The next bearish objective for sellers is set at 14.13 USDT. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

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 trader_57583. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USDT price is 18.50 USDT. The price is up +1.59% over 5 days and was traded between 17.89 USDT and 18.73 USDT over the period. The price is currently at +3.41% from its lowest point and -1.23% from its highest point.

17.89

18.73

18.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

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 this Weekly chart of ETHEREUM CLASSIC - ETC/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	14.13	18.50	24.03	49.65	74.49
Change (%)	-23.62%	-	+29.89%	+168.38%	+302.65%
Change	-4.37	-	+5.53	+31.15	+55.99
Level	Intermediate	-	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	17.76	17.98	18.26	18.48	18.76	18.98	19.26
Camarilla	18.41	18.46	18.50	18.55	18.60	18.64	18.69
Woodie	17.80	18.00	18.30	18.50	18.80	19.00	19.30
Fibonacci	17.98	18.17	18.29	18.48	18.67	18.79	18.98

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.50	16.51	17.31	18.32	19.12	20.13	20.93
Camarilla	17.60	17.77	17.93	18.10	18.27	18.43	18.60
Woodie	15.39	16.46	17.20	18.27	19.01	20.08	20.82
Fibonacci	16.51	17.21	17.63	18.32	19.02	19.44	20.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.97	15.74	17.57	20.34	22.17	24.94	26.77
Camarilla	18.14	18.56	18.98	19.40	19.82	20.24	20.67
Woodie	12.50	15.51	17.10	20.11	21.70	24.71	26.30
Fibonacci	15.74	17.50	18.58	20.34	22.10	23.18	24.94

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.84
MACD (12,26,9):	-1.1800
Directional Movement:	-1.69
AROON (14):	-14.28
DEMA (21):	18.71
Parabolic SAR (0,02-0,02-0,2):	16.80
Elder Ray (13):	-1.50
Super Trend (3,10):	26.23
Zig ZAG (10):	18.53
VORTEX (21):	1.0500
Stochastique (14,3,5):	27.75
TEMA (21):	19.13
Williams %R (14):	-70.67
Chande Momentum Oscillator (20):	-3.71
Repulse (5,40,3):	-4.9400
ROCnROLL:	2
TRIX (15,9):	-0.7200
Courbe Coppock:	15.47

MA7:	18.29
MA20:	18.79
MA50:	19.97
MA100:	20.36
MAexp7:	19.24
MAexp20:	20.36
MAexp50:	23.36
MAexp100:	25.52
Price / MA7:	+1.15%
Price / MA20:	-1.54%
Price / MA50:	-7.36%
Price / MA100:	-9.14%
Price / MAexp7:	-3.85%
Price / MAexp20:	-9.14%
Price / MAexp50:	-20.80%
Price / MAexp100:	-27.51%

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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