AELF - ELF/USDT - 1H - Technical analysis published on 12/26/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.047890 USDT
My targets
0.050000 USDT (+1.40%)
0.051396 USDT (+4.23%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AELF - ELF/USDT as long as the price remains well above 0.047890 USDT. The buyers” bullish objective is set at 0.050000 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.051396 USDT. If there is any crossing, the next objective would be the resistance located at 0.053793 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.050000 USDT. On this resistance, against the trend traders who would like to go short on AELF - ELF/USDT with a bearish signal from their trading strategy, should not hesitate to act.
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
0
10
2.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AELF - ELF/USDT rating 0.049310 USDT. On the day, this instrument gained +1.48% with the lowest point at 0.047700 USDT and the highest point at 0.049490 USDT. The deviation from the price is +3.38% for the low point and -0.36% for the high point.0.047700
0.049490
0.049310
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on AELF - ELF/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of AELF - ELF/USDT indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
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 several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.046510 | 0.047890 | 0.049310 | 0.050000 | 0.051396 | 0.053793 |
| Change (%) | -5.68% | -2.88% | - | +1.40% | +4.23% | +9.09% |
| Change | -0.002800 | -0.001420 | - | +0.000690 | +0.002086 | +0.004483 |
| Level | Minor | Major | - | 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 | 0.045077 | 0.046343 | 0.047467 | 0.048733 | 0.049857 | 0.051123 | 0.052247 |
| Camarilla | 0.047933 | 0.048152 | 0.048371 | 0.048590 | 0.048809 | 0.049028 | 0.049247 |
| Woodie | 0.045005 | 0.046308 | 0.047395 | 0.048698 | 0.049785 | 0.051088 | 0.052175 |
| Fibonacci | 0.046343 | 0.047256 | 0.047820 | 0.048733 | 0.049646 | 0.050210 | 0.051123 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036543 | 0.041527 | 0.046913 | 0.051897 | 0.057283 | 0.062267 | 0.067653 |
| Camarilla | 0.049448 | 0.050399 | 0.051349 | 0.052300 | 0.053251 | 0.054201 | 0.055152 |
| Woodie | 0.036745 | 0.041628 | 0.047115 | 0.051998 | 0.057485 | 0.062368 | 0.067855 |
| Fibonacci | 0.041527 | 0.045488 | 0.047935 | 0.051897 | 0.055858 | 0.058305 | 0.062267 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006657 | 0.029953 | 0.047477 | 0.070773 | 0.088297 | 0.111593 | 0.129117 |
| Camarilla | 0.053775 | 0.057516 | 0.061258 | 0.065000 | 0.068742 | 0.072484 | 0.076226 |
| Woodie | 0.003770 | 0.028510 | 0.044590 | 0.069330 | 0.085410 | 0.110150 | 0.126230 |
| Fibonacci | 0.029953 | 0.045547 | 0.055180 | 0.070773 | 0.086367 | 0.096000 | 0.111593 |
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): | 62.60 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 17.189630 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.048200 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.047757 | |
| Elder Ray (13): | 0.000491 | |
| Super Trend (3,10): | 0.049231 | |
| Zig ZAG (10): | 0.049090 | |
| VORTEX (21): | 1.0591 | |
| Stochastique (14,3,5): | 90.24 | |
| TEMA (21): | 0.048501 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.001100 | |
| Repulse (5,40,3): | 1.5109 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0717 | |
| Courbe Coppock: | 1.01 |
| MA7: | 0.050971 | |
| MA20: | 0.054289 | |
| MA50: | 0.065641 | |
| MA100: | 0.073446 | |
| MAexp7: | 0.048532 | |
| MAexp20: | 0.048384 | |
| MAexp50: | 0.048952 | |
| MAexp100: | 0.049890 | |
| Price / MA7: | -3.26% | |
| Price / MA20: | -9.17% | |
| Price / MA50: | -24.88% | |
| Price / MA100: | -32.86% | |
| Price / MAexp7: | +1.60% | |
| Price / MAexp20: | +1.91% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | -1.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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