ETHEREUM CLASSIC - ETC/USDT - 1H - Technical analysis published on 04/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 26.33 USDT
My targets
23.91 USDT (-8.11%)
22.71 USDT (-12.72%)
My analysis
ETHEREUM CLASSIC - ETC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 26.33 USDT. The next support located at 23.91 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 22.71 USDT. Below this support, sellers could then target 19.31 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem 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
6.3
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USDT price is 26.02 USDT. The price registered a decrease of -1.59% on the session and was between 25.96 USDT and 26.72 USDT. This implies that the price is at +0.23% from its lowest and at -2.62% from its highest.25.96
26.72
26.02
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USDT:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USDT chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.31 | 22.71 | 23.91 | 26.02 | 26.33 | 27.62 | 29.98 |
| Change (%) | -25.79% | -12.72% | -8.11% | - | +1.19% | +6.15% | +15.22% |
| Change | -6.71 | -3.31 | -2.11 | - | +0.31 | +1.60 | +3.96 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 22.39 | 23.92 | 25.18 | 26.71 | 27.97 | 29.50 | 30.76 |
| Camarilla | 25.67 | 25.93 | 26.18 | 26.44 | 26.70 | 26.95 | 27.21 |
| Woodie | 22.26 | 23.85 | 25.05 | 26.64 | 27.84 | 29.43 | 30.63 |
| Fibonacci | 23.92 | 24.99 | 25.64 | 26.71 | 27.78 | 28.43 | 29.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.98 | 14.85 | 20.16 | 28.03 | 33.34 | 41.21 | 46.52 |
| Camarilla | 21.86 | 23.06 | 24.27 | 25.48 | 26.69 | 27.90 | 29.11 |
| Woodie | 5.71 | 14.21 | 18.89 | 27.39 | 32.07 | 40.57 | 45.25 |
| Fibonacci | 14.85 | 19.88 | 22.99 | 28.03 | 33.06 | 36.17 | 41.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.04 | 21.03 | 27.65 | 33.64 | 40.26 | 46.25 | 52.87 |
| Camarilla | 30.81 | 31.97 | 33.12 | 34.28 | 35.44 | 36.59 | 37.75 |
| Woodie | 15.37 | 21.19 | 27.98 | 33.80 | 40.59 | 46.41 | 53.20 |
| Fibonacci | 21.03 | 25.84 | 28.82 | 33.64 | 38.45 | 41.43 | 46.25 |
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): | 46.38 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -11.03 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 26.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.50 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 27.96 | |
| Zig ZAG (10): | 26.28 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 42.52 | |
| TEMA (21): | 26.35 | |
| Williams %R (14): | -58.81 | |
| Chande Momentum Oscillator (20): | -0.48 | |
| Repulse (5,40,3): | -0.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 7.10 |
| MA7: | 28.84 | |
| MA20: | 31.54 | |
| MA50: | 32.45 | |
| MA100: | 28.98 | |
| MAexp7: | 26.37 | |
| MAexp20: | 26.52 | |
| MAexp50: | 26.89 | |
| MAexp100: | 28.09 | |
| Price / MA7: | -9.78% | |
| Price / MA20: | -17.50% | |
| Price / MA50: | -19.82% | |
| Price / MA100: | -10.21% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | -1.89% | |
| Price / MAexp50: | -3.24% | |
| Price / MAexp100: | -7.37% |
Quotes :
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Real time data
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Cryptocompare
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