ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: ETCUSD
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ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/14/2020 (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 bullish
De fond: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.66 USD
My targets
6.04 USD (+3.42%)
6.45 USD (+10.45%)
My analysis
ETHEREUM CLASSIC - ETC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.66 USD. The next resistance located at 6.04 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.45 USD. After this resistance, buyers could then target 6.74 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
9.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USD rating is 5.84 USD. On the day, this instrument gained +14.51% with the lowest point at 5.04 USD and the highest point at 6.00 USD. The deviation from the price is +15.87% for the low point and -2.67% for the high point.

5.04
6.00
5.84

A study of price movements over other periods shows the following variations:

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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour



In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.05 5.21 5.66 5.84 6.04 6.45 6.74
Change (%) -13.53% -10.79% -3.08% - +3.42% +10.45% +15.41%
Change -0.79 -0.63 -0.18 - +0.20 +0.61 +0.90
Level Minor Intermediate Intermediate - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.334.634.875.175.415.715.95
Camarilla4.955.005.055.105.155.205.25
Woodie4.294.624.835.165.375.705.91
Fibonacci4.634.844.975.175.385.515.71


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.943.884.585.526.227.167.86
Camarilla4.834.985.135.285.435.585.73
Woodie2.823.824.465.466.107.107.74
Fibonacci3.884.514.895.526.156.537.16


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.644.925.757.037.869.149.97
Camarilla6.006.196.396.586.776.977.16
Woodie3.424.815.536.927.649.039.75
Fibonacci4.925.736.227.037.848.339.14

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 70.21
MACD (12,26,9): 0.1200
Directional Movement: 21.13
AROON (14): 100.00
DEMA (21): 5.49
Parabolic SAR (0,02-0,02-0,2): 5.23
Elder Ray (13): 0.45
Super Trend (3,10): 5.35
Zig ZAG (10): 5.90
VORTEX (21): 1.1100
Stochastique (14,3,5): 95.64
TEMA (21): 5.61
Williams %R (14): -1.16
Chande Momentum Oscillator (20): 0.71
Repulse (5,40,3): 8.6700
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 13.17
MA7: 5.28
MA20: 5.79
MA50: 6.54
MA100: 6.39
MAexp7: 5.59
MAexp20: 5.37
MAexp50: 5.29
MAexp100: 5.26
Price / MA7: +10.61%
Price / MA20: +0.86%
Price / MA50: -10.70%
Price / MA100: -8.61%
Price / MAexp7: +4.47%
Price / MAexp20: +8.75%
Price / MAexp50: +10.40%
Price / MAexp100: +11.03%

Quotes : 2020-09-14 22:58:23 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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