EGOLD - EGLD/USD - 1H - Technical analysis published on 09/02/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 25.10 USD
My targets
24.61 USD (-1.09%)
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 25.10 USD. The next bearish objective for sellers is set at 24.61 USD. A bearish break of this support would revive the bearish momentum. 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 over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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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 rating is 24.88 USD. The price is lower by -0.04% since the last closing and was between 24.61 USD and 24.97 USD. This implies that the price is at +1.10% from its lowest and at -0.36% from its highest.24.61
24.97
24.88
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EGOLD - EGLD/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 24.61 | 24.80 | 24.88 | 25.10 | 25.51 | 25.88 |
| Change (%) | -1.09% | -0.32% | - | +0.88% | +2.53% | +4.02% |
| Change | -0.27 | -0.08 | - | +0.22 | +0.63 | +1.00 |
| Level | Intermediate | Minor | - | Major | 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 | 22.66 | 23.70 | 24.29 | 25.33 | 25.92 | 26.96 | 27.55 |
| Camarilla | 24.44 | 24.59 | 24.74 | 24.89 | 25.04 | 25.19 | 25.34 |
| Woodie | 22.45 | 23.59 | 24.08 | 25.22 | 25.71 | 26.85 | 27.34 |
| Fibonacci | 23.70 | 24.32 | 24.70 | 25.33 | 25.95 | 26.33 | 26.96 |
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 | 13.60 | 18.91 | 22.52 | 27.83 | 31.44 | 36.75 | 40.36 |
| Camarilla | 23.67 | 24.49 | 25.30 | 26.12 | 26.94 | 27.76 | 28.57 |
| Woodie | 12.74 | 18.49 | 21.66 | 27.41 | 30.58 | 36.33 | 39.50 |
| Fibonacci | 18.91 | 22.32 | 24.43 | 27.83 | 31.24 | 33.35 | 36.75 |
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): | 43.67 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -4.41 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 24.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.67 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 25.15 | |
| Zig ZAG (10): | 24.92 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 87.96 | |
| TEMA (21): | 24.77 | |
| Williams %R (14): | -2.78 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 0.20 |
| MA7: | 25.59 | |
| MA20: | 26.64 | |
| MA50: | 30.25 | |
| MA100: | 32.22 | |
| MAexp7: | 24.88 | |
| MAexp20: | 24.94 | |
| MAexp50: | 25.31 | |
| MAexp100: | 25.54 | |
| Price / MA7: | -2.77% | |
| Price / MA20: | -6.61% | |
| Price / MA50: | -17.75% | |
| Price / MA100: | -22.78% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -1.70% | |
| Price / MAexp100: | -2.58% |
Quotes :
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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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