AELF - ELF/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ELFUSD
ISIN:

AELF - ELF/USD - 1H - Technical analysis published on 05/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

17%

My opinion

Bullish above 0.532221 USD

My targets

0.563192 USD (+1.42%)

0.583305 USD (+5.05%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AELF - ELF/USD as long as the price remains well above 0.532221 USD. The buyers' bullish objective is set at 0.563192 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.583305 USD. If there is any crossing, the next objective would be the resistance located at 0.603254 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.1

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

Additional analysis

Quotes

The AELF - ELF/USD price is 0.555280 USD. The price has increased by +5.53% since the last closing and was between 0.524375 USD and 0.586500 USD. This implies that the price is at +5.89% from its lowest and at -5.32% from its highest.

0.524375

0.586500

0.555280

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:

Technical

A technical analysis in 1H of this AELF - ELF/USD chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

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 : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.458244	0.496773	0.532221	0.555280	0.558052	0.583305	0.603254
Change (%)	-17.48%	-10.54%	-4.15%	-	+0.50%	+5.05%	+8.64%
Change	-0.097036	-0.058507	-0.023059	-	+0.002772	+0.028025	+0.047974
Level	Intermediate	Intermediate	Minor	-	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	0.444813	0.469757	0.497973	0.522917	0.551133	0.576077	0.604293
Camarilla	0.511571	0.516444	0.521317	0.526190	0.531063	0.535936	0.540809
Woodie	0.446450	0.470575	0.499610	0.523735	0.552770	0.576895	0.605930
Fibonacci	0.469757	0.490064	0.502610	0.522917	0.543224	0.555770	0.576077

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.427469	0.492040	0.563192	0.627763	0.698915	0.763486	0.834638
Camarilla	0.597021	0.609463	0.621904	0.634345	0.646786	0.659228	0.671669
Woodie	0.430761	0.493685	0.566484	0.629408	0.702207	0.765131	0.837930
Fibonacci	0.492040	0.543886	0.575917	0.627763	0.679609	0.711640	0.763486

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.243585	0.369234	0.458872	0.584521	0.674159	0.799808	0.889446
Camarilla	0.489306	0.509041	0.528775	0.548510	0.568245	0.587979	0.607714
Woodie	0.225580	0.360231	0.440867	0.575518	0.656154	0.790805	0.871441
Fibonacci	0.369234	0.451474	0.502281	0.584521	0.666761	0.717568	0.799808

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):	64.35
MACD (12,26,9):	0.0056
Directional Movement:	19.628481
AROON (14):	71.428572
DEMA (21):	0.530957
Parabolic SAR (0,02-0,02-0,2):	0.521302
Elder Ray (13):	0.028359
Super Trend (3,10):	0.503521
Zig ZAG (10):	0.551780
VORTEX (21):	1.0944
Stochastique (14,3,5):	71.02
TEMA (21):	0.545373
Williams %R (14):	-37.42
Chande Momentum Oscillator (20):	0.052110
Repulse (5,40,3):	-2.8949
ROCnROLL:	1
TRIX (15,9):	-0.1075
Courbe Coppock:	15.45

MA7:	0.583585
MA20:	0.574601
MA50:	0.603249
MA100:	0.615146
MAexp7:	0.542666
MAexp20:	0.529761
MAexp50:	0.541299
MAexp100:	0.562631
Price / MA7:	-4.85%
Price / MA20:	-3.36%
Price / MA50:	-7.95%
Price / MA100:	-9.73%
Price / MAexp7:	+2.32%
Price / MAexp20:	+4.82%
Price / MAexp50:	+2.58%
Price / MAexp100:	-1.31%

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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