ETHEREUM CLASSIC - ETC/USD - 1H - Technical analysis published on 12/14/2023 (GMT)
- 235
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
28%
33%
39%
My opinion
Neutral between 20.21 USD and 20.93 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on ETHEREUM CLASSIC - ETC/USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 20.93 USD. The first support is located at 20.21 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 20.58 USD. The price is lower by -0.39% since the last closing with the lowest point at 19.90 USD and the highest point at 20.97 USD. The deviation from the price is +3.42% for the low point and -1.86% for the high point.19.90
20.97
20.58
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
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this ETHEREUM CLASSIC - ETC/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.08 | 19.40 | 20.21 | 20.58 | 20.93 | 21.41 | 22.32 |
| Change (%) | -12.15% | -5.73% | -1.80% | - | +1.70% | +4.03% | +8.45% |
| Change | -2.50 | -1.18 | -0.37 | - | +0.35 | +0.83 | +1.74 |
| Level | Major | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.25 | 18.83 | 19.75 | 20.33 | 21.25 | 21.83 | 22.75 |
| Camarilla | 20.25 | 20.39 | 20.52 | 20.66 | 20.80 | 20.94 | 21.07 |
| Woodie | 18.41 | 18.92 | 19.91 | 20.42 | 21.41 | 21.92 | 22.91 |
| Fibonacci | 18.83 | 19.41 | 19.76 | 20.33 | 20.91 | 21.26 | 21.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.78 | 17.55 | 19.83 | 21.60 | 23.88 | 25.65 | 27.93 |
| Camarilla | 20.99 | 21.36 | 21.73 | 22.10 | 22.47 | 22.84 | 23.21 |
| Woodie | 16.03 | 17.68 | 20.08 | 21.73 | 24.13 | 25.78 | 28.18 |
| Fibonacci | 17.55 | 19.10 | 20.06 | 21.60 | 23.15 | 24.11 | 25.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.30 | 14.03 | 16.32 | 19.05 | 21.34 | 24.07 | 26.36 |
| Camarilla | 17.23 | 17.69 | 18.15 | 18.61 | 19.07 | 19.53 | 19.99 |
| Woodie | 11.08 | 13.92 | 16.10 | 18.94 | 21.12 | 23.96 | 26.14 |
| Fibonacci | 14.03 | 15.95 | 17.13 | 19.05 | 20.97 | 22.15 | 24.07 |
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): | 55.95 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | -6.73 | |
| AROON (14): | 0 | |
| DEMA (21): | 20.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.87 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 20.43 | |
| Zig ZAG (10): | 20.58 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 73.83 | |
| TEMA (21): | 20.74 | |
| Williams %R (14): | -36.45 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 1.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.35 |
| MA7: | 21.15 | |
| MA20: | 20.08 | |
| MA50: | 19.13 | |
| MA100: | 17.30 | |
| MAexp7: | 20.66 | |
| MAexp20: | 20.60 | |
| MAexp50: | 20.47 | |
| MAexp100: | 20.57 | |
| Price / MA7: | -2.70% | |
| Price / MA20: | +2.49% | |
| Price / MA50: | +7.58% | |
| Price / MA100: | +18.96% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +0.05% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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