EGOLD - EGLD/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	EGLDUSD
ISIN:

EGOLD - EGLD/USD - Daily - Technical analysis published on 04/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

50%

17%

My opinion

Bearish under 48.75 USD

My targets

39.90 USD (-11.67%)

37.99 USD (-15.90%)

My analysis

The bearish trend is currently very strong for EGOLD - EGLD/USD. As long as the price remains below the resistance at 48.75 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 39.90 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37.99 USD as an objective. Crossing it would then enable sellers to target 29.05 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.3

Comment on the analysis

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 Deceneu. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EGOLD - EGLD/USD rating 45.17 USD. The price has increased by +10.01% since the last closing with the lowest point at 40.44 USD and the highest point at 45.19 USD. The deviation from the price is +11.70% for the low point and -0.04% for the high point.

40.44

45.19

45.17

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

Technical

Technical analysis of this Daily chart of EGOLD - EGLD/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.83	29.05	37.99	45.17	48.75	57.08	73.32
Change (%)	-49.46%	-35.69%	-15.90%	-	+7.93%	+26.37%	+62.32%
Change	-22.34	-16.12	-7.18	-	+3.58	+11.91	+28.15
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	34.11	35.75	38.41	40.05	42.71	44.35	47.01
Camarilla	39.88	40.27	40.67	41.06	41.45	41.85	42.24
Woodie	34.61	36.01	38.91	40.31	43.21	44.61	47.51
Fibonacci	35.75	37.40	38.41	40.05	41.70	42.71	44.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.74	18.44	28.21	42.91	52.68	67.38	77.15
Camarilla	31.26	33.50	35.75	37.99	40.23	42.48	44.72
Woodie	1.29	17.21	25.76	41.68	50.23	66.15	74.70
Fibonacci	18.44	27.78	33.56	42.91	52.25	58.03	67.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.96	39.90	50.07	64.01	74.18	88.12	98.29
Camarilla	53.61	55.82	58.03	60.24	62.45	64.66	66.87
Woodie	24.08	38.96	48.19	63.07	72.30	87.18	96.41
Fibonacci	39.90	49.11	54.80	64.01	73.22	78.91	88.12

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.63
MACD (12,26,9):	-5.0800
Directional Movement:	-19.21
AROON (14):	-28.57
DEMA (21):	40.91
Parabolic SAR (0,02-0,02-0,2):	48.44
Elder Ray (13):	-2.65
Super Trend (3,10):	52.79
Zig ZAG (10):	43.54
VORTEX (21):	0.7900
Stochastique (14,3,5):	35.32
TEMA (21):	38.42
Williams %R (14):	-57.29
Chande Momentum Oscillator (20):	-13.28
Repulse (5,40,3):	12.9800
ROCnROLL:	2
TRIX (15,9):	-1.2300
Courbe Coppock:	50.39

MA7:	40.93
MA20:	48.28
MA50:	58.05
MA100:	56.80
MAexp7:	42.29
MAexp20:	47.39
MAexp50:	53.52
MAexp100:	54.74
Price / MA7:	+10.36%
Price / MA20:	-6.44%
Price / MA50:	-22.19%
Price / MA100:	-20.48%
Price / MAexp7:	+6.81%
Price / MAexp20:	-4.68%
Price / MAexp50:	-15.60%
Price / MAexp100:	-17.48%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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