ETHEREUM CLASSIC - ETC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ETCUSD
ISIN:

ETHEREUM CLASSIC - ETC/USD - Daily - Technical analysis published on 12/03/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 49.06 USD

My targets

45.08 USD (-4.85%)

39.31 USD (-17.03%)

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 49.06 USD. The sellers' bearish objective is set at 45.08 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 39.31 USD. In case of crossing, the next objective would be the support located at 4.44 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ETHEREUM CLASSIC - ETC/USD rating 47.38 USD. The price registered an increase of +0.77% on the session and was between 46.40 USD and 47.46 USD. This implies that the price is at +2.11% from its lowest and at -0.17% from its highest.

46.40

47.46

47.38

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ETHEREUM CLASSIC - ETC/USD in Daily shows a overall strongly 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.44	39.31	45.08	47.38	49.06	55.70	60.82
Change (%)	-90.63%	-17.03%	-4.85%	-	+3.55%	+17.56%	+28.37%
Change	-42.94	-8.07	-2.30	-	+1.68	+8.32	+13.44
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

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	44.86	45.62	46.32	47.08	47.78	48.54	49.24
Camarilla	46.62	46.75	46.89	47.02	47.15	47.29	47.42
Woodie	44.83	45.61	46.29	47.07	47.75	48.53	49.21
Fibonacci	45.62	46.18	46.52	47.08	47.64	47.98	48.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.09	40.12	43.41	48.44	51.73	56.76	60.05
Camarilla	44.42	45.19	45.95	46.71	47.47	48.24	49.00
Woodie	34.23	39.69	42.55	48.01	50.87	56.33	59.19
Fibonacci	40.12	43.30	45.26	48.44	51.62	53.58	56.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.04	32.35	40.34	52.65	60.64	72.95	80.94
Camarilla	42.75	44.61	46.47	48.33	50.19	52.05	53.91
Woodie	17.88	31.27	38.18	51.57	58.48	71.87	78.78
Fibonacci	32.35	40.11	44.90	52.65	60.41	65.20	72.95

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):	40.57
MACD (12,26,9):	-1.6900
Directional Movement:	-5.10
AROON (14):	-21.43
DEMA (21):	47.31
Parabolic SAR (0,02-0,02-0,2):	53.32
Elder Ray (13):	-1.61
Super Trend (3,10):	55.17
Zig ZAG (10):	47.34
VORTEX (21):	0.8700
Stochastique (14,3,5):	31.17
TEMA (21):	46.45
Williams %R (14):	-69.55
Chande Momentum Oscillator (20):	-3.30
Repulse (5,40,3):	0.1300
ROCnROLL:	2
TRIX (15,9):	-0.4500
Courbe Coppock:	14.90

MA7:	47.58
MA20:	49.54
MA50:	52.54
MA100:	54.49
MAexp7:	47.77
MAexp20:	49.45
MAexp50:	51.66
MAexp100:	52.96
Price / MA7:	-0.42%
Price / MA20:	-4.36%
Price / MA50:	-9.82%
Price / MA100:	-13.05%
Price / MAexp7:	-0.82%
Price / MAexp20:	-4.19%
Price / MAexp50:	-8.28%
Price / MAexp100:	-10.54%

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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