EGOLD - EGLD/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EGLDUSD
ISIN:

EGOLD - EGLD/USD - Daily - Technical analysis published on 07/28/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 37.13 USD

My targets

29.36 USD (-9.58%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EGOLD - EGLD/USD as long as the price remains well below 37.13 USD. The sellers' bearish objective is set at 29.36 USD. A bearish break of this support would revive the bearish momentum. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

Force

7.5

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 EGOLD - EGLD/USD rating is 32.47 USD. On the day, this instrument lost -0.03% and was traded between 32.41 USD and 32.57 USD over the period. The price is currently at +0.19% from its lowest and -0.31% from its highest.

32.41

32.57

32.47

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EGOLD - EGLD/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	29.36	32.47	37.13	43.95	49.10
Change (%)	-9.58%	-	+14.35%	+35.36%	+51.22%
Change	-3.11	-	+4.66	+11.48	+16.63
Level	Intermediate	-	Intermediate	Intermediate	Minor

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	31.10	31.65	32.06	32.61	33.02	33.57	33.98
Camarilla	32.22	32.30	32.39	32.48	32.57	32.66	32.74
Woodie	31.04	31.62	32.00	32.58	32.96	33.54	33.92
Fibonacci	31.65	32.01	32.24	32.61	32.97	33.20	33.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.22	29.56	31.34	34.68	36.46	39.80	41.58
Camarilla	31.70	32.17	32.64	33.11	33.58	34.05	34.52
Woodie	25.43	29.17	30.55	34.29	35.67	39.41	40.79
Fibonacci	29.56	31.52	32.73	34.68	36.64	37.85	39.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.19	24.70	29.77	33.28	38.35	41.86	46.93
Camarilla	32.48	33.27	34.05	34.84	35.63	36.41	37.20
Woodie	21.97	25.09	30.55	33.67	39.13	42.25	47.71
Fibonacci	24.70	27.98	30.00	33.28	36.56	38.58	41.86

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	39.13
MACD (12,26,9):	-0.5900
Directional Movement:	-3.52
AROON (14):	-85.71
DEMA (21):	33.35
Parabolic SAR (0,02-0,02-0,2):	36.14
Elder Ray (13):	-1.05
Super Trend (3,10):	36.05
Zig ZAG (10):	32.47
VORTEX (21):	0.9700
Stochastique (14,3,5):	8.34
TEMA (21):	32.72
Williams %R (14):	-91.60
Chande Momentum Oscillator (20):	-4.50
Repulse (5,40,3):	-1.8900
ROCnROLL:	2
TRIX (15,9):	-0.0400
Courbe Coppock:	17.35

MA7:	32.72
MA20:	34.65
MA50:	33.49
MA100:	35.86
MAexp7:	32.91
MAexp20:	33.90
MAexp50:	34.52
MAexp100:	35.86
Price / MA7:	-0.76%
Price / MA20:	-6.29%
Price / MA50:	-3.05%
Price / MA100:	-9.45%
Price / MAexp7:	-1.34%
Price / MAexp20:	-4.22%
Price / MAexp50:	-5.94%
Price / MAexp100:	-9.45%

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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