ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 5.38 USD
My targets
5.03 USD (-3.82%)
4.92 USD (-5.93%)
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 5.38 USD. The sellers” bearish objective is set at 5.03 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.92 USD. In case of crossing, the next objective would be the support located at 4.51 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 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
7.7
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Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 5.23 USD. The price is lower by -6.61% since the last closing and was traded between 4.81 USD and 5.90 USD over the period. The price is currently at +8.73% from its lowest and -11.36% from its highest.4.81
5.90
5.23
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
Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:
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. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.55 | 4.51 | 5.03 | 5.23 | 5.58 | 6.04 | 6.37 |
| Change (%) | -32.12% | -13.77% | -3.82% | - | +6.69% | +15.49% | +21.80% |
| Change | -1.68 | -0.72 | -0.20 | - | +0.35 | +0.81 | +1.14 |
| Level | Major | Minor | Major | - | Minor | Intermediate | Minor |
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 | 4.38 | 4.65 | 5.13 | 5.40 | 5.88 | 6.15 | 6.63 |
| Camarilla | 5.39 | 5.46 | 5.53 | 5.60 | 5.67 | 5.74 | 5.81 |
| Woodie | 4.48 | 4.70 | 5.23 | 5.45 | 5.98 | 6.20 | 6.73 |
| Fibonacci | 4.65 | 4.94 | 5.12 | 5.40 | 5.69 | 5.87 | 6.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.38 | 5.79 | 6.12 | 6.53 | 6.86 | 7.27 | 7.60 |
| Camarilla | 6.25 | 6.31 | 6.38 | 6.45 | 6.52 | 6.59 | 6.65 |
| Woodie | 5.34 | 5.77 | 6.08 | 6.51 | 6.82 | 7.25 | 7.56 |
| Fibonacci | 5.79 | 6.07 | 6.25 | 6.53 | 6.81 | 6.99 | 7.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.64 | 4.92 | 5.75 | 7.03 | 7.86 | 9.14 | 9.97 |
| Camarilla | 6.00 | 6.19 | 6.39 | 6.58 | 6.77 | 6.97 | 7.16 |
| Woodie | 3.42 | 4.81 | 5.53 | 6.92 | 7.64 | 9.03 | 9.75 |
| Fibonacci | 4.92 | 5.73 | 6.22 | 7.03 | 7.84 | 8.33 | 9.14 |
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): | 47.37 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -5.14 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 5.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.80 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 5.99 | |
| Zig ZAG (10): | 5.23 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 38.84 | |
| TEMA (21): | 5.23 | |
| Williams %R (14): | -61.47 | |
| Chande Momentum Oscillator (20): | -0.23 | |
| Repulse (5,40,3): | -1.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 8.32 |
| MA7: | 6.04 | |
| MA20: | 6.52 | |
| MA50: | 6.73 | |
| MA100: | 6.55 | |
| MAexp7: | 5.12 | |
| MAexp20: | 5.33 | |
| MAexp50: | 5.50 | |
| MAexp100: | 5.77 | |
| Price / MA7: | -13.41% | |
| Price / MA20: | -19.79% | |
| Price / MA50: | -22.29% | |
| Price / MA100: | -20.15% | |
| Price / MAexp7: | +2.15% | |
| Price / MAexp20: | -1.88% | |
| Price / MAexp50: | -4.91% | |
| Price / MAexp100: | -9.36% |
Quotes :
2020-09-05 21:06:16
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Real time data
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