ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 08/16/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 7.04 USD
My targets
7.19 USD (+1.27%)
7.45 USD (+4.93%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ETHEREUM CLASSIC - ETC/USD. As long as you are above the support located at 7.04 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.19 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. 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. If the support 7.04 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD price is 7.10 USD. On the day, this instrument lost -1.25% and was traded between 6.97 USD and 7.29 USD over the period. The price is currently at +1.87% from its lowest and -2.61% from its highest.6.97
7.29
7.10
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 ETHEREUM CLASSIC - ETC/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
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 analysis of the price chart with Central Patterns scanners does not return any result.
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:
Black evening star
Type : Bearish
Timeframe : 1 hour
Downside gap
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 | 7.10 | 7.11 | 7.19 | 7.45 |
| Change (%) | -4.08% | -2.11% | -0.85% | - | +0.14% | +1.27% | +4.93% |
| Change | -0.29 | -0.15 | -0.06 | - | +0.01 | +0.09 | +0.35 |
| 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 | 6.49 | 6.68 | 6.93 | 7.12 | 7.37 | 7.56 | 7.81 |
| Camarilla | 7.07 | 7.11 | 7.15 | 7.19 | 7.23 | 7.27 | 7.31 |
| Woodie | 6.53 | 6.70 | 6.97 | 7.14 | 7.41 | 7.58 | 7.85 |
| Fibonacci | 6.68 | 6.85 | 6.95 | 7.12 | 7.29 | 7.39 | 7.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.88 | 6.18 | 6.69 | 6.99 | 7.50 | 7.80 | 8.31 |
| Camarilla | 6.97 | 7.04 | 7.12 | 7.19 | 7.26 | 7.34 | 7.41 |
| Woodie | 5.98 | 6.23 | 6.79 | 7.04 | 7.60 | 7.85 | 8.41 |
| Fibonacci | 6.18 | 6.49 | 6.68 | 6.99 | 7.30 | 7.49 | 7.80 |
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): | 48.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.85 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 7.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.25 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 6.95 | |
| Zig ZAG (10): | 7.10 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 47.62 | |
| TEMA (21): | 7.10 | |
| Williams %R (14): | -55.17 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 2.53 |
| MA7: | 6.92 | |
| MA20: | 7.10 | |
| MA50: | 6.56 | |
| MA100: | 6.55 | |
| MAexp7: | 7.11 | |
| MAexp20: | 7.13 | |
| MAexp50: | 7.07 | |
| MAexp100: | 7.00 | |
| Price / MA7: | +2.60% | |
| Price / MA20: | -0% | |
| Price / MA50: | +8.23% | |
| Price / MA100: | +8.40% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +1.43% |
Quotes :
2020-08-16 18:28:58
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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