ETHEREUM CLASSIC - ETC/USDT - 1H - Technical analysis published on 02/03/2024 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
11%
50%
39%
My opinion
Neutral between 24.45 USDT and 24.94 USDT
My targets
-
My analysis
The short-term decline on ETHEREUM CLASSIC - ETC/USDT remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 24.45 USDT. The first resistance is located at 24.94 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.
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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 24.78 USDT. The price is lower by -1.39% since the last closing and was between 24.73 USDT and 25.72 USDT. This implies that the price is at +0.20% from its lowest and at -3.65% from its highest.24.73
25.72
24.78
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 this 1H chart of ETHEREUM CLASSIC - ETC/USDT indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.95 | 23.53 | 24.45 | 24.78 | 24.94 | 25.45 | 26.24 |
| Change (%) | -7.38% | -5.04% | -1.33% | - | +0.65% | +2.70% | +5.89% |
| Change | -1.83 | -1.25 | -0.33 | - | +0.16 | +0.67 | +1.46 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
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 | 23.34 | 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): | 46.10 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | -0.77 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 25.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.60 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 24.87 | |
| Zig ZAG (10): | 24.89 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 10.65 | |
| TEMA (21): | 25.16 | |
| Williams %R (14): | -94.90 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -0.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.97 |
| MA7: | 24.62 | |
| MA20: | 24.59 | |
| MA50: | 23.14 | |
| MA100: | 21.18 | |
| MAexp7: | 25.07 | |
| MAexp20: | 25.09 | |
| MAexp50: | 24.90 | |
| MAexp100: | 24.70 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +7.09% | |
| Price / MA100: | +17.00% | |
| Price / MAexp7: | -1.16% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
Real time data
-
Cryptocompare
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