ELROND - ERD/USDT - 1H - Technical analysis published on 08/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.022700 USDT
My targets
0.020870 USDT (-3.87%)
0.019070 USDT (-12.16%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ELROND - ERD/USDT. As long as you are under the resistance located at 0.022700 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.020870 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.019070 USDT as an objective. Crossing it would then enable sellers to target 0.016800 USDT. If the resistance 0.022700 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Addareea.
Additional analysis
Quotes
The ELROND - ERD/USDT rating is 0.021710 USDT. On the day, this instrument gained +2.99% and was between 0.018090 USDT and 0.022470 USDT. This implies that the price is at +20.01% from its lowest and at -3.38% from its highest.0.018090
0.022470
0.021710
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 ELROND - ERD/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.016800 | 0.019070 | 0.020870 | 0.021710 | 0.022700 | 0.024933 | 0.027845 |
| Change (%) | -22.62% | -12.16% | -3.87% | - | +4.56% | +14.85% | +28.26% |
| Change | -0.004910 | -0.002640 | -0.000840 | - | +0.000990 | +0.003223 | +0.006135 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015787 | 0.018393 | 0.019737 | 0.022343 | 0.023687 | 0.026293 | 0.027637 |
| Camarilla | 0.019994 | 0.020356 | 0.020718 | 0.021080 | 0.021442 | 0.021804 | 0.022166 |
| Woodie | 0.015155 | 0.018078 | 0.019105 | 0.022028 | 0.023055 | 0.025978 | 0.027005 |
| Fibonacci | 0.018393 | 0.019902 | 0.020834 | 0.022343 | 0.023852 | 0.024784 | 0.026293 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007903 | 0.010077 | 0.014393 | 0.016567 | 0.020883 | 0.023057 | 0.027373 |
| Camarilla | 0.016925 | 0.017520 | 0.018115 | 0.018710 | 0.019305 | 0.019900 | 0.020495 |
| Woodie | 0.008975 | 0.010613 | 0.015465 | 0.017103 | 0.021955 | 0.023593 | 0.028445 |
| Fibonacci | 0.010077 | 0.012556 | 0.014088 | 0.016567 | 0.019046 | 0.020578 | 0.023057 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.015893 | -0.005147 | 0.007967 | 0.018713 | 0.031827 | 0.042573 | 0.055687 |
| Camarilla | 0.014519 | 0.016706 | 0.018893 | 0.021080 | 0.023267 | 0.025454 | 0.027642 |
| Woodie | -0.014710 | -0.004555 | 0.009150 | 0.019305 | 0.033010 | 0.043165 | 0.056870 |
| Fibonacci | -0.005147 | 0.003968 | 0.009599 | 0.018713 | 0.027828 | 0.033459 | 0.042573 |
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): | 52.11 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -12.449180 | |
| AROON (14): | -92.857140 | |
| DEMA (21): | 0.019922 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.018090 | |
| Elder Ray (13): | 0.000336 | |
| Super Trend (3,10): | 0.017909 | |
| Zig ZAG (10): | 0.021510 | |
| VORTEX (21): | 0.8729 | |
| Stochastique (14,3,5): | 57.31 | |
| TEMA (21): | 0.019905 | |
| Williams %R (14): | -24.89 | |
| Chande Momentum Oscillator (20): | 0.000880 | |
| Repulse (5,40,3): | 3.5770 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.6534 | |
| Courbe Coppock: | 18.51 |
| MA7: | 0.023881 | |
| MA20: | 0.018293 | |
| MA50: | 0.010971 | |
| MA100: | 0.006515 | |
| MAexp7: | 0.020561 | |
| MAexp20: | 0.021265 | |
| MAexp50: | 0.022747 | |
| MAexp100: | 0.023182 | |
| Price / MA7: | -9.09% | |
| Price / MA20: | +18.68% | |
| Price / MA50: | +97.89% | |
| Price / MA100: | +233.23% | |
| Price / MAexp7: | +5.59% | |
| Price / MAexp20: | +2.09% | |
| Price / MAexp50: | -4.56% | |
| Price / MAexp100: | -6.35% |
Quotes :
2020-08-01 12:21:40
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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.
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