ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.95 USD
My targets
7.19 USD (+1.70%)
7.45 USD (+5.37%)
My analysis
The bullish trend is currently very strong on ETHEREUM CLASSIC - ETC/USD. As long as the price remains above the support at 6.95 USD, you could try to benefit from the boom. The first bullish objective is located at 7.19 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.45 USD as an objective. Crossing it would then enable buyers to target 8.88 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 7.07 USD. On the day, this instrument gained +3.06% and was traded between 6.86 USD and 7.20 USD over the period. The price is currently at +3.06% from its lowest and -1.81% from its highest.6.86
7.20
7.07
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 ETHEREUM CLASSIC - ETC/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Long black line
Type : Bearish
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.81 | 6.95 | 7.04 | 7.07 | 7.11 | 7.19 | 7.45 |
| Change (%) | -3.68% | -1.70% | -0.42% | - | +0.57% | +1.70% | +5.37% |
| Change | -0.26 | -0.12 | -0.03 | - | +0.04 | +0.12 | +0.38 |
| Level | Major | Major | Minor | - | Minor | Major | 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 | 6.62 | 6.71 | 6.79 | 6.88 | 6.96 | 7.05 | 7.13 |
| Camarilla | 6.81 | 6.83 | 6.84 | 6.86 | 6.88 | 6.89 | 6.91 |
| Woodie | 6.61 | 6.71 | 6.78 | 6.88 | 6.95 | 7.05 | 7.12 |
| Fibonacci | 6.71 | 6.78 | 6.82 | 6.88 | 6.95 | 6.99 | 7.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.59 | 5.62 | 6.25 | 7.28 | 7.91 | 8.94 | 9.57 |
| Camarilla | 6.42 | 6.58 | 6.73 | 6.88 | 7.03 | 7.18 | 7.34 |
| Woodie | 4.39 | 5.52 | 6.05 | 7.18 | 7.71 | 8.84 | 9.37 |
| Fibonacci | 5.62 | 6.25 | 6.65 | 7.28 | 7.91 | 8.31 | 8.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.98 | 4.75 | 6.04 | 6.81 | 8.10 | 8.87 | 10.16 |
| Camarilla | 6.77 | 6.96 | 7.15 | 7.34 | 7.53 | 7.72 | 7.91 |
| Woodie | 4.25 | 4.88 | 6.31 | 6.94 | 8.37 | 9.00 | 10.43 |
| Fibonacci | 4.75 | 5.53 | 6.02 | 6.81 | 7.59 | 8.08 | 8.87 |
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): | 60.55 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 21.44 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 7.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.90 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 6.90 | |
| Zig ZAG (10): | 7.05 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 58.27 | |
| TEMA (21): | 7.02 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | -1.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.11 |
| MA7: | 6.89 | |
| MA20: | 7.10 | |
| MA50: | 6.53 | |
| MA100: | 6.55 | |
| MAexp7: | 7.01 | |
| MAexp20: | 6.95 | |
| MAexp50: | 6.89 | |
| MAexp100: | 6.87 | |
| Price / MA7: | +2.61% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | +8.27% | |
| Price / MA100: | +7.94% | |
| Price / MAexp7: | +0.86% | |
| Price / MAexp20: | +1.73% | |
| Price / MAexp50: | +2.61% | |
| Price / MAexp100: | +2.91% |
Quotes :
2020-08-15 13:56:12
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Real time data
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