ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 09/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 15.43 USD
My targets
15.93 USD (+1.08%)
16.72 USD (+6.11%)
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 15.43 USD. The buyers' bullish objective is set at 15.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.72 USD. If there is any crossing, the next objective would be the resistance located at 18.54 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ETHEREUM CLASSIC - ETC/USD rating 15.76 USD. The price is lower by -0.32% since the last closing and was between 15.72 USD and 15.83 USD. This implies that the price is at +0.25% from its lowest and at -0.44% from its highest.15.72
15.83
15.76
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.
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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.24 | 15.43 | 15.75 | 15.76 | 15.93 | 18.54 | 20.93 |
| Change (%) | -3.30% | -2.09% | -0.06% | - | +1.08% | +17.64% | +32.80% |
| Change | -0.52 | -0.33 | -0.01 | - | +0.17 | +2.78 | +5.17 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | 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 | 14.83 | 15.08 | 15.44 | 15.69 | 16.05 | 16.30 | 16.66 |
| Camarilla | 15.64 | 15.70 | 15.75 | 15.81 | 15.87 | 15.92 | 15.98 |
| Woodie | 14.90 | 15.11 | 15.51 | 15.72 | 16.12 | 16.33 | 16.73 |
| Fibonacci | 15.08 | 15.31 | 15.45 | 15.69 | 15.92 | 16.06 | 16.30 |
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 | 9.48 | 11.61 | 13.56 | 15.69 | 17.64 | 19.77 | 21.72 |
| Camarilla | 14.39 | 14.76 | 15.14 | 15.51 | 15.88 | 16.26 | 16.63 |
| Woodie | 9.39 | 11.57 | 13.47 | 15.65 | 17.55 | 19.73 | 21.63 |
| Fibonacci | 11.61 | 13.17 | 14.13 | 15.69 | 17.25 | 18.21 | 19.77 |
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): | 60.83 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 22.51 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 15.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.91 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 15.63 | |
| Zig ZAG (10): | 15.77 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 29.37 | |
| TEMA (21): | 15.84 | |
| Williams %R (14): | -76.19 | |
| Chande Momentum Oscillator (20): | -0.05 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.13 |
| MA7: | 15.37 | |
| MA20: | 15.38 | |
| MA50: | 15.74 | |
| MA100: | 17.21 | |
| MAexp7: | 15.77 | |
| MAexp20: | 15.71 | |
| MAexp50: | 15.54 | |
| MAexp100: | 15.43 | |
| Price / MA7: | +2.54% | |
| Price / MA20: | +2.47% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | -8.43% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +2.14% |
Quotes :
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Real time data
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Cryptocompare
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