AELF - ELF/USD - 1H - Technical analysis published on 05/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 0.511210 USD
My targets
0.532251 USD (+1.32%)
0.539778 USD (+2.76%)
My analysis
With a bullish background trend, the price of AELF - ELF/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 0.511210 USD. A bullish break in the resistance located at 0.532251 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 0.539778 USD. Then 0.547760 USD by extension. It would be safer to wait for a bullish break in the resistance located at 0.532251 USD before allowing yourself to re trade long positions (at purchase) on AELF - ELF/USD. PS: if there is a bearish break in the support located at 0.511210 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
1.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AELF - ELF/USD rating is 0.525300 USD. The price registered a decrease of -0.02% on the session and was traded between 0.524370 USD and 0.538720 USD over the period. The price is currently at +0.18% from its lowest and -2.49% from its highest.0.524370
0.538720
0.525300
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AELF - ELF/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 10 are neutral and 3 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.486216 | 0.500733 | 0.511210 | 0.525300 | 0.525350 | 0.532251 | 0.539778 |
| Change (%) | -7.44% | -4.68% | -2.68% | - | +0.01% | +1.32% | +2.76% |
| Change | -0.039084 | -0.024567 | -0.014090 | - | +0.000050 | +0.006951 | +0.014478 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.480387 | 0.494819 | 0.510104 | 0.524536 | 0.539821 | 0.554253 | 0.569538 |
| Camarilla | 0.517218 | 0.519942 | 0.522666 | 0.525390 | 0.528114 | 0.530838 | 0.533562 |
| Woodie | 0.480815 | 0.495032 | 0.510532 | 0.524749 | 0.540249 | 0.554466 | 0.569966 |
| Fibonacci | 0.494819 | 0.506171 | 0.513184 | 0.524536 | 0.535888 | 0.542901 | 0.554253 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.399864 | 0.441582 | 0.483486 | 0.525204 | 0.567108 | 0.608826 | 0.650730 |
| Camarilla | 0.502394 | 0.510059 | 0.517725 | 0.525390 | 0.533055 | 0.540721 | 0.548386 |
| Woodie | 0.399957 | 0.441629 | 0.483579 | 0.525251 | 0.567201 | 0.608873 | 0.650823 |
| Fibonacci | 0.441582 | 0.473526 | 0.493260 | 0.525204 | 0.557148 | 0.576882 | 0.608826 |
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): | 48.62 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.092594 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.526427 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.521508 | |
| Elder Ray (13): | 0.005320 | |
| Super Trend (3,10): | 0.543561 | |
| Zig ZAG (10): | 0.525870 | |
| VORTEX (21): | 1.0036 | |
| Stochastique (14,3,5): | 13.76 | |
| TEMA (21): | 0.526132 | |
| Williams %R (14): | -87.07 | |
| Chande Momentum Oscillator (20): | 0.001470 | |
| Repulse (5,40,3): | -8.2755 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0039 | |
| Courbe Coppock: | 0.53 |
| MA7: | 0.520251 | |
| MA20: | 0.536970 | |
| MA50: | 0.571932 | |
| MA100: | 0.608263 | |
| MAexp7: | 0.526213 | |
| MAexp20: | 0.526245 | |
| MAexp50: | 0.525742 | |
| MAexp100: | 0.523975 | |
| Price / MA7: | +0.97% | |
| Price / MA20: | -2.17% | |
| Price / MA50: | -8.15% | |
| Price / MA100: | -13.64% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.25% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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