MULTIVERSX - EGLD/USD - 1H - Technical analysis published on 08/30/2023 (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
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 25.33 USD
My targets
26.39 USD (+0.88%)
26.59 USD (+1.64%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EGOLD - EGLD/USD as long as the price remains well above 25.33 USD. The buyers' bullish objective is set at 26.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.59 USD. If there is any crossing, the next objective would be the resistance located at 26.84 USD. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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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 EGOLD - EGLD/USD price is 26.16 USD. The price is lower by -0.08% since the last closing and was traded between 25.88 USD and 26.50 USD over the period. The price is currently at +1.08% from its lowest and -1.28% from its highest.25.88
26.50
26.16
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EGOLD - EGLD/USD:
Technical
Technical analysis of this 1H chart of EGOLD - EGLD/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.61 | 24.85 | 25.33 | 26.16 | 26.20 | 26.39 | 26.59 |
| Change (%) | -5.93% | -5.01% | -3.17% | - | +0.15% | +0.88% | +1.64% |
| Change | -1.55 | -1.31 | -0.83 | - | +0.04 | +0.23 | +0.43 |
| Level | Minor | Intermediate | 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 | 23.67 | 24.26 | 25.22 | 25.81 | 26.77 | 27.36 | 28.32 |
| Camarilla | 25.75 | 25.90 | 26.04 | 26.18 | 26.32 | 26.46 | 26.61 |
| Woodie | 23.86 | 24.35 | 25.41 | 25.90 | 26.96 | 27.45 | 28.51 |
| Fibonacci | 24.26 | 24.85 | 25.22 | 25.81 | 26.40 | 26.77 | 27.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.94 | 22.87 | 24.02 | 25.95 | 27.10 | 29.03 | 30.18 |
| Camarilla | 24.32 | 24.61 | 24.89 | 25.17 | 25.45 | 25.74 | 26.02 |
| Woodie | 20.55 | 22.68 | 23.63 | 25.76 | 26.71 | 28.84 | 29.79 |
| Fibonacci | 22.87 | 24.05 | 24.77 | 25.95 | 27.13 | 27.85 | 29.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.09 | 27.29 | 29.64 | 33.84 | 36.19 | 40.39 | 42.74 |
| Camarilla | 30.19 | 30.79 | 31.39 | 31.99 | 32.59 | 33.19 | 33.79 |
| Woodie | 22.17 | 26.83 | 28.72 | 33.38 | 35.27 | 39.93 | 41.82 |
| Fibonacci | 27.29 | 29.79 | 31.34 | 33.84 | 36.34 | 37.89 | 40.39 |
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): | 53.84 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 4.16 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 26.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.29 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 25.75 | |
| Zig ZAG (10): | 26.08 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 37.98 | |
| TEMA (21): | 26.08 | |
| Williams %R (14): | -55.81 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.50 |
| MA7: | 25.55 | |
| MA20: | 27.42 | |
| MA50: | 30.90 | |
| MA100: | 32.54 | |
| MAexp7: | 26.08 | |
| MAexp20: | 26.07 | |
| MAexp50: | 25.84 | |
| MAexp100: | 25.67 | |
| Price / MA7: | +2.39% | |
| Price / MA20: | -4.60% | |
| Price / MA50: | -15.34% | |
| Price / MA100: | -19.61% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +1.91% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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