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ETHEREUM CLASSIC - ETC/USD
ETHEREUM CLASSIC - ETC/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 06/11/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 57.14 USD
My targets
61.66 USD (+3.47%)
67.30 USD (+12.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ETHEREUM CLASSIC - ETC/USD as long as the price remains well above 57.14 USD. The buyers' bullish objective is set at 61.66 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67.30 USD. If there is any crossing, the next objective would be the resistance located at 70.20 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.8

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.

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

Additional analysis

Quotes

The ETHEREUM CLASSIC - ETC/USD price is 59.59 USD. The price registered an increase of +2.87% on the session and was between 56.25 USD and 60.65 USD. This implies that the price is at +5.94% from its lowest and at -1.75% from its highest.

56.25
60.65
59.59

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by ETHEREUM CLASSIC - ETC/USD:

Technical


A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 49.68 52.29 57.14 59.59 61.66 67.30 70.20
Change (%) -16.63% -12.25% -4.11% - +3.47% +12.94% +17.81%
Change -9.91 -7.30 -2.45 - +2.07 +7.71 +10.61
Level Intermediate Major Minor - Major Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard49.3253.2355.5859.4961.8465.7568.10
Camarilla56.2156.7857.3657.9358.5059.0859.65
Woodie48.5452.8454.8059.1061.0665.3667.32
Fibonacci53.2355.6257.1059.4961.8863.3665.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard45.2352.6157.8065.1870.3777.7582.94
Camarilla59.5260.6861.8362.9864.1365.2966.44
Woodie44.1352.0656.7064.6369.2777.2081.84
Fibonacci52.6157.4260.3865.1869.9972.9577.75


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-126.42-45.0512.5793.94151.56232.93290.55
Camarilla31.9844.7257.4670.2082.9495.68108.42
Woodie-138.29-50.990.7188.00139.70226.99278.69
Fibonacci-45.058.0440.8493.94147.03179.83232.93

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): 57.31
MACD (12,26,9): -0.1300
Directional Movement: 9.26
AROON (14): 50.00
DEMA (21): 58.21
Parabolic SAR (0,02-0,02-0,2): 56.97
Elder Ray (13): 0.90
Super Trend (3,10): 56.37
Zig ZAG (10): 59.64
VORTEX (21): 0.9600
Stochastique (14,3,5): 78.47
TEMA (21): 58.22
Williams %R (14): -24.09
Chande Momentum Oscillator (20): 1.31
Repulse (5,40,3): 1.2300
ROCnROLL: 1
TRIX (15,9): -0.1100
Courbe Coppock: 0.99
MA7: 60.12
MA20: 65.97
MA50: 70.25
MA100: 43.80
MAexp7: 58.29
MAexp20: 58.46
MAexp50: 58.71
MAexp100: 59.41
Price / MA7: -0.88%
Price / MA20: -9.67%
Price / MA50: -15.17%
Price / MA100: +36.05%
Price / MAexp7: +2.23%
Price / MAexp20: +1.93%
Price / MAexp50: +1.50%
Price / MAexp100: +0.30%

Quotes : - Real time data - Cryptocompare

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

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