AELF - ELF/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ELFUSD
ISIN:

AELF - ELF/USD - 1H - Technical analysis published on 04/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.610880 USD

My targets

0.644141 USD (+0.66%)

0.663080 USD (+3.62%)

My analysis

AELF - ELF/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.610880 USD. The next resistance located at 0.644141 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.663080 USD. After this resistance, buyers could then target 0.727130 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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

Additional analysis

Quotes

AELF - ELF/USD rating 0.639926 USD. On the day, this instrument gained +8.19% with the lowest point at 0.569893 USD and the highest point at 0.640470 USD. The deviation from the price is +12.29% for the low point and -0.08% for the high point.

0.569893

0.640470

0.639926

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 1H chart of AELF - ELF/USD indicates that the overall trend is strongly bullish. 85.71% 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 market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

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:

Horizontal resistance is broken

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.589024	0.598737	0.610880	0.639926	0.644141	0.727130	0.858362
Change (%)	-7.95%	-6.44%	-4.54%	-	+0.66%	+13.63%	+34.13%
Change	-0.050902	-0.041189	-0.029046	-	+0.004215	+0.087204	+0.218436
Level	Intermediate	Minor	Intermediate	-	Major	Major	Minor

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	0.465574	0.511092	0.551281	0.596799	0.636988	0.682506	0.722695
Camarilla	0.567901	0.575757	0.583614	0.591470	0.599327	0.607183	0.615039
Woodie	0.462910	0.509760	0.548617	0.595467	0.634324	0.681174	0.720031
Fibonacci	0.511092	0.543832	0.564059	0.596799	0.629539	0.649766	0.682506

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.414115	0.456140	0.517585	0.559610	0.621055	0.663080	0.724525
Camarilla	0.550576	0.560061	0.569545	0.579030	0.588515	0.598000	0.607484
Woodie	0.423825	0.460995	0.527295	0.564465	0.630765	0.667935	0.734235
Fibonacci	0.456140	0.495666	0.520085	0.559610	0.599136	0.623555	0.663080

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.357883	0.452631	0.546879	0.641627	0.735875	0.830623	0.924871
Camarilla	0.589152	0.606477	0.623801	0.641126	0.658451	0.675775	0.693100
Woodie	0.357632	0.452506	0.546628	0.641502	0.735624	0.830498	0.924620
Fibonacci	0.452631	0.524828	0.569431	0.641627	0.713824	0.758427	0.830623

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):	60.92
MACD (12,26,9):	0.0067
Directional Movement:	15.177464
AROON (14):	7.142857
DEMA (21):	0.598185
Parabolic SAR (0,02-0,02-0,2):	0.569893
Elder Ray (13):	0.028066
Super Trend (3,10):	0.549936
Zig ZAG (10):	0.609970
VORTEX (21):	1.0663
Stochastique (14,3,5):	54.99
TEMA (21):	0.602182
Williams %R (14):	-43.70
Chande Momentum Oscillator (20):	0.026420
Repulse (5,40,3):	0.8548
ROCnROLL:	1
TRIX (15,9):	0.0326
Courbe Coppock:	5.86

MA7:	0.588920
MA20:	0.590345
MA50:	0.617962
MA100:	0.614424
MAexp7:	0.600644
MAexp20:	0.596250
MAexp50:	0.590368
MAexp100:	0.587780
Price / MA7:	+8.66%
Price / MA20:	+8.40%
Price / MA50:	+3.55%
Price / MA100:	+4.15%
Price / MAexp7:	+6.54%
Price / MAexp20:	+7.33%
Price / MAexp50:	+8.39%
Price / MAexp100:	+8.87%

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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Londinia AI

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