ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 15.43 USD
My targets
14.99 USD (-1.12%)
14.15 USD (-6.66%)
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 15.43 USD. The next bearish objective for sellers is set at 14.99 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.15 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ETHEREUM CLASSIC - ETC/USD rating is 15.16 USD. The price is lower by -0.26% since the last closing and was between 15.12 USD and 15.24 USD. This implies that the price is at +0.26% from its lowest and at -0.52% from its highest.15.12
15.24
15.16
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ETHEREUM CLASSIC - ETC/USD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.15 | 14.99 | 15.10 | 15.16 | 15.23 | 15.43 | 15.65 |
| Change (%) | -6.66% | -1.12% | -0.40% | - | +0.46% | +1.78% | +3.23% |
| Change | -1.01 | -0.17 | -0.06 | - | +0.07 | +0.27 | +0.49 |
| Level | Major | Minor | Intermediate | - | Major | Minor | 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 | 14.77 | 14.88 | 15.04 | 15.15 | 15.31 | 15.42 | 15.58 |
| Camarilla | 15.13 | 15.15 | 15.18 | 15.20 | 15.23 | 15.25 | 15.27 |
| Woodie | 14.80 | 14.89 | 15.07 | 15.16 | 15.34 | 15.43 | 15.61 |
| Fibonacci | 14.88 | 14.98 | 15.05 | 15.15 | 15.25 | 15.32 | 15.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.99 | 14.55 | 14.90 | 15.46 | 15.81 | 16.37 | 16.72 |
| Camarilla | 15.01 | 15.09 | 15.18 | 15.26 | 15.34 | 15.43 | 15.51 |
| Woodie | 13.90 | 14.50 | 14.81 | 15.41 | 15.72 | 16.32 | 16.63 |
| Fibonacci | 14.55 | 14.89 | 15.11 | 15.46 | 15.80 | 16.02 | 16.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.09 | 11.42 | 13.46 | 15.79 | 17.83 | 20.16 | 22.20 |
| Camarilla | 14.31 | 14.71 | 15.11 | 15.51 | 15.91 | 16.31 | 16.71 |
| Woodie | 8.96 | 11.35 | 13.33 | 15.72 | 17.70 | 20.09 | 22.07 |
| Fibonacci | 11.42 | 13.09 | 14.12 | 15.79 | 17.46 | 18.49 | 20.16 |
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): | 45.82 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -10.30 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.12 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 15.25 | |
| Zig ZAG (10): | 15.16 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 15.18 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.27 |
| MA7: | 15.29 | |
| MA20: | 15.36 | |
| MA50: | 15.87 | |
| MA100: | 17.22 | |
| MAexp7: | 15.17 | |
| MAexp20: | 15.18 | |
| MAexp50: | 15.20 | |
| MAexp100: | 15.24 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -4.47% | |
| Price / MA100: | -11.96% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.52% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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