EGOLD - EGLD/USD

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Type:	Cryptocurrencies
Ticker:	EGLDUSD
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EGOLD - EGLD/USD - Daily - Technical analysis published on 04/22/2024 (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%

44%

22%

My opinion

Bearish under 48.75 USD

My targets

37.99 USD (-14.84%)

29.05 USD (-34.88%)

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 37.99 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 29.05 USD as an objective. Crossing it would then enable sellers to target 22.83 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.1

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 44.61 USD. On the day, this instrument gained +2.98% and was traded between 43.31 USD and 44.61 USD over the period. The price is currently at +3.00% from its lowest and 0% from its highest.

43.31

44.61

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of EGOLD - EGLD/USD in Daily shows a overall strongly bearish trend. 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.83	29.05	37.99	44.61	48.75	57.08	73.32
Change (%)	-48.82%	-34.88%	-14.84%	-	+9.28%	+27.95%	+64.36%
Change	-21.78	-15.56	-6.62	-	+4.14	+12.47	+28.71
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	40.52	41.64	42.48	43.60	44.44	45.56	46.40
Camarilla	42.78	42.96	43.14	43.32	43.50	43.68	43.86
Woodie	40.38	41.57	42.34	43.53	44.30	45.49	46.26
Fibonacci	41.64	42.39	42.85	43.60	44.35	44.81	45.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.77	33.08	38.79	42.10	47.81	51.12	56.83
Camarilla	42.01	42.84	43.66	44.49	45.32	46.14	46.97
Woodie	30.96	33.68	39.98	42.70	49.00	51.72	58.02
Fibonacci	33.08	36.53	38.66	42.10	45.55	47.68	51.12

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):	40.76
MACD (12,26,9):	-4.3700
Directional Movement:	-14.92
AROON (14):	-28.57
DEMA (21):	40.94
Parabolic SAR (0,02-0,02-0,2):	46.66
Elder Ray (13):	-0.79
Super Trend (3,10):	52.78
Zig ZAG (10):	44.24
VORTEX (21):	0.8500
Stochastique (14,3,5):	44.38
TEMA (21):	39.41
Williams %R (14):	-55.25
Chande Momentum Oscillator (20):	-8.73
Repulse (5,40,3):	6.8800
ROCnROLL:	2
TRIX (15,9):	-1.2600
Courbe Coppock:	45.08

MA7:	41.98
MA20:	47.14
MA50:	57.06
MA100:	56.60
MAexp7:	43.12
MAexp20:	46.81
MAexp50:	52.80
MAexp100:	54.31
Price / MA7:	+6.26%
Price / MA20:	-5.37%
Price / MA50:	-21.82%
Price / MA100:	-21.18%
Price / MAexp7:	+3.46%
Price / MAexp20:	-4.70%
Price / MAexp50:	-15.51%
Price / MAexp100:	-17.86%

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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