ELROND - ERD/USDT - Daily - Technical analysis published on 08/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 0.017320 USDT
My targets
0.021113 USDT (+4.73%)
0.024330 USDT (+20.68%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ELROND - ERD/USDT as long as the price remains well above 0.017320 USDT. The buyers” bullish objective is set at 0.021113 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.024330 USDT. If there is any crossing, the next objective would be the resistance located at 0.027800 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.1
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This analysis was given by dallas28.
Additional analysis
Quotes
ELROND - ERD/USDT rating 0.020160 USDT. The price has increased by +17.83% since the last closing with the lowest point at 0.016960 USDT and the highest point at 0.021730 USDT. The deviation from the price is +18.87% for the low point and -7.23% for the high point.0.016960
0.021730
0.020160
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of ELROND - ERD/USDT in Daily shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
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.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 0.005457 | 0.012630 | 0.017320 | 0.020160 | 0.020470 | 0.024330 | 0.027800 |
| Change (%) | -72.93% | -37.35% | -14.09% | - | +1.54% | +20.68% | +37.90% |
| Change | -0.014703 | -0.007530 | -0.002840 | - | +0.000310 | +0.004170 | +0.007640 |
| Level | Minor | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015153 | 0.015897 | 0.016503 | 0.017247 | 0.017853 | 0.018597 | 0.019203 |
| Camarilla | 0.016739 | 0.016863 | 0.016986 | 0.017110 | 0.017234 | 0.017358 | 0.017481 |
| Woodie | 0.015085 | 0.015863 | 0.016435 | 0.017213 | 0.017785 | 0.018563 | 0.019135 |
| Fibonacci | 0.015897 | 0.016412 | 0.016731 | 0.017247 | 0.017762 | 0.018081 | 0.018597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.010273 | 0.013257 | 0.015693 | 0.018677 | 0.021113 | 0.024097 | 0.026533 |
| Camarilla | 0.016640 | 0.017136 | 0.017633 | 0.018130 | 0.018627 | 0.019124 | 0.019621 |
| Woodie | 0.010000 | 0.013120 | 0.015420 | 0.018540 | 0.020840 | 0.023960 | 0.026260 |
| Fibonacci | 0.013257 | 0.015327 | 0.016606 | 0.018677 | 0.020747 | 0.022026 | 0.024097 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.22 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 8.126694 | |
| AROON (14): | -57.142857 | |
| DEMA (21): | 0.019101 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.016240 | |
| Elder Ray (13): | 0.000399 | |
| Super Trend (3,10): | 0.016968 | |
| Zig ZAG (10): | 0.020060 | |
| VORTEX (21): | 0.8969 | |
| Stochastique (14,3,5): | 35.20 | |
| TEMA (21): | 0.017586 | |
| Williams %R (14): | -33.85 | |
| Chande Momentum Oscillator (20): | -0.000780 | |
| Repulse (5,40,3): | 9.6837 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0685 | |
| Courbe Coppock: | 29.44 |
| MA7: | 0.018390 | |
| MA20: | 0.019798 | |
| MA50: | 0.019026 | |
| MA100: | 0.011542 | |
| MAexp7: | 0.018592 | |
| MAexp20: | 0.019234 | |
| MAexp50: | 0.017522 | |
| MAexp100: | 0.013507 | |
| Price / MA7: | +9.62% | |
| Price / MA20: | +1.83% | |
| Price / MA50: | +5.96% | |
| Price / MA100: | +74.67% | |
| Price / MAexp7: | +8.43% | |
| Price / MAexp20: | +4.81% | |
| Price / MAexp50: | +15.06% | |
| Price / MAexp100: | +49.26% |
Quotes :
2020-08-28 14:08:08
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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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