Ethereum Classic Technical Analysis

ETC Crypto  USD 20.79  0.44  2.16%   
As of the 21st of March, Ethereum Classic shows the Coefficient Of Variation of 1011.94, mean deviation of 3.43, and Downside Deviation of 3.77. Ethereum Classic technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for Ethereum Classic, which can be compared to its rivals. Please confirm Ethereum Classic downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Ethereum Classic is priced favorably, providing market reflects its regular price of 20.79 per share.

Ethereum Classic Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ethereum, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Ethereum
Ethereum Classic's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Ethereum Classic technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
A focus of Ethereum Classic technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ethereum Classic trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Ethereum Classic Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Ethereum Classic volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Ethereum Classic Trend Analysis

Use this graph to draw trend lines for Ethereum Classic. You can use it to identify possible trend reversals for Ethereum Classic as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Ethereum Classic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Ethereum Classic Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ethereum Classic applied against its price change over selected period. The best fit line has a slop of   0.025305  , which means Ethereum Classic will continue generating value for investors. It has 122 observation points and a regression sum of squares at 24.22, which is the sum of squared deviations for the predicted Ethereum Classic price change compared to its average price change.

About Ethereum Classic Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Ethereum Classic on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Ethereum Classic based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Ethereum Classic price pattern first instead of the macroeconomic environment surrounding Ethereum Classic. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Ethereum Classic's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Ethereum Classic specific price patterns or momentum indicators.

Ethereum Classic March 21, 2023 Technical Indicators

Most technical analysis of Ethereum help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Ethereum from various momentum indicators to cycle indicators. When you analyze Ethereum charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Continue to Investing Opportunities. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Complementary Tools for analysis

When running Ethereum Classic price analysis, check to measure Ethereum Classic's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Ethereum Classic is operating at the current time. Most of Ethereum Classic's value examination focuses on studying past and present price actions to predict the probability of Ethereum Classic's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Ethereum Classic's coin price. Additionally, you may evaluate how adding Ethereum Classic to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ethereum Classic's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Ethereum Classic value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Ethereum Classic's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.