ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/04/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 5.79 USD
My targets
4.93 USD (-7.33%)
3.66 USD (-31.20%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well below 5.79 USD. The sellers” bearish objective is set at 4.93 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.66 USD. In case of crossing, the next objective would be the support located at 3.55 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.5
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Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 5.32 USD. On the day, this instrument lost -6.01% with the lowest point at 4.93 USD and the highest point at 5.72 USD. The deviation from the price is +7.91% for the low point and -6.99% for the high point.4.93
5.72
5.32
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a sharp bearish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.55 | 5.32 | 6.04 | 6.20 | 6.40 |
| Change (%) | -33.27% | - | +13.53% | +16.54% | +20.30% |
| Change | -1.77 | - | +0.72 | +0.88 | +1.08 |
| Level | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.72 | 3.61 | 4.64 | 5.53 | 6.56 | 7.45 | 8.48 |
| Camarilla | 5.13 | 5.31 | 5.48 | 5.66 | 5.84 | 6.01 | 6.19 |
| Woodie | 2.78 | 3.65 | 4.70 | 5.57 | 6.62 | 7.49 | 8.54 |
| Fibonacci | 3.61 | 4.35 | 4.80 | 5.53 | 6.27 | 6.72 | 7.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.37 | 5.79 | 6.11 | 6.53 | 6.85 | 7.27 | 7.59 |
| Camarilla | 6.24 | 6.30 | 6.37 | 6.44 | 6.51 | 6.58 | 6.64 |
| Woodie | 5.33 | 5.77 | 6.07 | 6.51 | 6.81 | 7.25 | 7.55 |
| Fibonacci | 5.79 | 6.07 | 6.24 | 6.53 | 6.81 | 6.98 | 7.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.66 | 4.93 | 5.77 | 7.04 | 7.88 | 9.15 | 9.99 |
| Camarilla | 6.03 | 6.22 | 6.42 | 6.61 | 6.80 | 7.00 | 7.19 |
| Woodie | 3.45 | 4.82 | 5.56 | 6.93 | 7.67 | 9.04 | 9.78 |
| Fibonacci | 4.93 | 5.74 | 6.23 | 7.04 | 7.85 | 8.34 | 9.15 |
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): | 41.10 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -8.12 | |
| AROON (14): | 0 | |
| DEMA (21): | 5.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.02 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 5.99 | |
| Zig ZAG (10): | 5.56 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 59.22 | |
| TEMA (21): | 5.36 | |
| Williams %R (14): | -20.25 | |
| Chande Momentum Oscillator (20): | 0.31 | |
| Repulse (5,40,3): | 4.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4600 | |
| Courbe Coppock: | 7.08 |
| MA7: | 6.28 | |
| MA20: | 6.63 | |
| MA50: | 6.75 | |
| MA100: | 6.57 | |
| MAexp7: | 5.46 | |
| MAexp20: | 5.51 | |
| MAexp50: | 5.81 | |
| MAexp100: | 6.10 | |
| Price / MA7: | -15.29% | |
| Price / MA20: | -19.76% | |
| Price / MA50: | -21.19% | |
| Price / MA100: | -19.03% | |
| Price / MAexp7: | -2.56% | |
| Price / MAexp20: | -3.45% | |
| Price / MAexp50: | -8.43% | |
| Price / MAexp100: | -12.79% |
Quotes :
2020-09-04 14:07:41
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Real time data
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