ETHEREUM CLASSIC - ETC/USDT - 15 min. - Technical analysis published on 02/03/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 24.96 USDT
My targets
24.48 USDT (-1.10%)
23.82 USDT (-3.75%)
My analysis
In the short term, we can see an acceleration in the bearish trend on ETHEREUM CLASSIC - ETC/USDT, which is a positive signal for sellers. As long as the price remains above 24.96 USDT, a sale could be considered. The first bearish objective is located at 24.48 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 23.82 USDT as an objective. Crossing it would then enable sellers to target 23.34 USDT. If the price were to return above 24.96 USDT, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.7
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USDT price is 24.75 USDT. The price registered a decrease of -1.51% on the session and was traded between 24.75 USDT and 25.72 USDT over the period. The price is currently at 0% from its lowest and -3.77% from its highest.24.75
25.72
24.75
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USDT:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USDT in 15 min. shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.95 | 23.53 | 24.45 | 24.75 | 24.94 | 25.45 | 26.24 |
| Change (%) | -7.27% | -4.93% | -1.21% | - | +0.77% | +2.83% | +6.02% |
| Change | -1.80 | -1.22 | -0.30 | - | +0.19 | +0.70 | +1.49 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.34 | 23.82 | 24.48 | 24.96 | 25.62 | 26.10 | 26.76 |
| Camarilla | 24.82 | 24.92 | 25.03 | 25.13 | 25.24 | 25.34 | 25.44 |
| Woodie | 23.42 | 23.87 | 24.56 | 25.01 | 25.70 | 26.15 | 26.84 |
| Fibonacci | 23.82 | 24.26 | 24.53 | 24.96 | 25.40 | 25.67 | 26.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.29 | 20.01 | 22.02 | 23.74 | 25.75 | 27.47 | 29.48 |
| Camarilla | 23.00 | 23.35 | 23.69 | 24.03 | 24.37 | 24.71 | 25.06 |
| Woodie | 18.44 | 20.08 | 22.17 | 23.81 | 25.90 | 27.54 | 29.63 |
| Fibonacci | 20.01 | 21.44 | 22.32 | 23.74 | 25.17 | 26.05 | 27.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.54 | 10.96 | 17.64 | 25.06 | 31.74 | 39.16 | 45.84 |
| Camarilla | 20.45 | 21.75 | 23.04 | 24.33 | 25.62 | 26.92 | 28.21 |
| Woodie | 3.18 | 10.78 | 17.28 | 24.88 | 31.38 | 38.98 | 45.48 |
| Fibonacci | 10.96 | 16.34 | 19.67 | 25.06 | 30.44 | 33.77 | 39.16 |
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): | 35.66 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -14.90 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 24.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.16 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 25.21 | |
| Zig ZAG (10): | 24.90 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 17.78 | |
| TEMA (21): | 24.84 | |
| Williams %R (14): | -86.34 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.60 |
| MA7: | 24.62 | |
| MA20: | 24.59 | |
| MA50: | 23.14 | |
| MA100: | 21.18 | |
| MAexp7: | 24.96 | |
| MAexp20: | 25.08 | |
| MAexp50: | 25.16 | |
| MAexp100: | 25.07 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +6.96% | |
| Price / MA100: | +16.86% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -1.32% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -1.28% |
Quotes :
-
Real time data
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Cryptocompare
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