ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 04/05/2022 (GMT)
- 272
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 46.69 USD
My targets
45.08 USD (-0.75%)
43.69 USD (-3.81%)
My analysis
There is a bearish trend on ETHEREUM CLASSIC - ETC/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 46.69 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 45.08 USD. Then the price could move towards 43.69 USD. Then 38.13 USD by extension. Be careful, a return to above the resistance 46.69 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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
The ETHEREUM CLASSIC - ETC/USD price is 45.42 USD. The price is lower by -3.07% since the last closing with the lowest point at 45.20 USD and the highest point at 46.92 USD. The deviation from the price is +0.49% for the low point and -3.20% for the high point.45.20
46.92
45.42
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:
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 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
Williams %R indicator is oversold : under -80
Type : Neutral
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.13 | 43.69 | 45.08 | 45.42 | 46.69 | 48.98 | 50.81 |
| Change (%) | -16.05% | -3.81% | -0.75% | - | +2.80% | +7.84% | +11.87% |
| Change | -7.29 | -1.73 | -0.34 | - | +1.27 | +3.56 | +5.39 |
| 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 | 40.78 | 42.68 | 44.77 | 46.67 | 48.76 | 50.66 | 52.75 |
| Camarilla | 45.76 | 46.13 | 46.49 | 46.86 | 47.23 | 47.59 | 47.96 |
| Woodie | 40.88 | 42.73 | 44.87 | 46.72 | 48.86 | 50.71 | 52.85 |
| Fibonacci | 42.68 | 44.20 | 45.15 | 46.67 | 48.19 | 49.14 | 50.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.41 | 38.55 | 42.01 | 47.15 | 50.61 | 55.75 | 59.21 |
| Camarilla | 43.11 | 43.89 | 44.68 | 45.47 | 46.26 | 47.05 | 47.84 |
| Woodie | 32.57 | 38.13 | 41.17 | 46.73 | 49.77 | 55.33 | 58.37 |
| Fibonacci | 38.55 | 41.84 | 43.87 | 47.15 | 50.44 | 52.47 | 55.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.85 | 14.50 | 30.99 | 41.64 | 58.13 | 68.78 | 85.27 |
| Camarilla | 40.02 | 42.50 | 44.99 | 47.48 | 49.97 | 52.46 | 54.94 |
| Woodie | 6.77 | 15.96 | 33.91 | 43.10 | 61.05 | 70.24 | 88.19 |
| Fibonacci | 14.50 | 24.87 | 31.27 | 41.64 | 52.01 | 58.41 | 68.78 |
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): | 42.04 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -5.32 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 46.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 46.92 | |
| Elder Ray (13): | -0.50 | |
| Super Trend (3,10): | 46.99 | |
| Zig ZAG (10): | 45.44 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 16.14 | |
| TEMA (21): | 46.00 | |
| Williams %R (14): | -95.15 | |
| Chande Momentum Oscillator (20): | -1.16 | |
| Repulse (5,40,3): | -2.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.74 |
| MA7: | 46.95 | |
| MA20: | 43.60 | |
| MA50: | 34.19 | |
| MA100: | 32.23 | |
| MAexp7: | 46.02 | |
| MAexp20: | 46.37 | |
| MAexp50: | 46.48 | |
| MAexp100: | 46.51 | |
| Price / MA7: | -3.26% | |
| Price / MA20: | +4.17% | |
| Price / MA50: | +32.85% | |
| Price / MA100: | +40.92% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | -2.05% | |
| Price / MAexp50: | -2.28% | |
| Price / MAexp100: | -2.34% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis ETHEREUM CLASSIC - ETC/USD - 1H