EGOLD - EGLD/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EGLDUSD
ISIN:

EGOLD - EGLD/USD - Daily - Technical analysis published on 04/20/2024 (GMT)

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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

33%

50%

17%

My opinion

Bearish under 48.75 USD

My targets

39.90 USD (-11.31%)

37.99 USD (-15.56%)

My analysis

EGOLD - EGLD/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 48.75 USD. The next support located at 39.90 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 37.99 USD. Below this support, sellers could then target 29.05 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.3

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 Deceneu. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EGOLD - EGLD/USD price is 44.99 USD. On the day, this instrument gained +9.57% with the lowest point at 40.44 USD and the highest point at 45.31 USD. The deviation from the price is +11.25% for the low point and -0.71% for the high point.

40.44

45.31

44.99

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

Here is a more detailed summary of the historical variations registered by EGOLD - EGLD/USD:

Technical

Technical analysis of EGOLD - EGLD/USD in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.83	29.05	37.99	44.99	48.75	57.08	73.32
Change (%)	-49.26%	-35.43%	-15.56%	-	+8.36%	+26.87%	+62.97%
Change	-22.16	-15.94	-7.00	-	+3.76	+12.09	+28.33
Level	Minor	Minor	Major	-	Minor	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34.11	35.75	38.41	40.05	42.71	44.35	47.01
Camarilla	39.88	40.27	40.67	41.06	41.45	41.85	42.24
Woodie	34.61	36.01	38.91	40.31	43.21	44.61	47.51
Fibonacci	35.75	37.40	38.41	40.05	41.70	42.71	44.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3.74	18.44	28.21	42.91	52.68	67.38	77.15
Camarilla	31.26	33.50	35.75	37.99	40.23	42.48	44.72
Woodie	1.29	17.21	25.76	41.68	50.23	66.15	74.70
Fibonacci	18.44	27.78	33.56	42.91	52.25	58.03	67.38

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.96	39.90	50.07	64.01	74.18	88.12	98.29
Camarilla	53.61	55.82	58.03	60.24	62.45	64.66	66.87
Woodie	24.08	38.96	48.19	63.07	72.30	87.18	96.41
Fibonacci	39.90	49.11	54.80	64.01	73.22	78.91	88.12

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):	38.63
MACD (12,26,9):	-5.0800
Directional Movement:	-19.21
AROON (14):	-28.57
DEMA (21):	40.91
Parabolic SAR (0,02-0,02-0,2):	48.44
Elder Ray (13):	-2.65
Super Trend (3,10):	52.79
Zig ZAG (10):	43.54
VORTEX (21):	0.7900
Stochastique (14,3,5):	35.32
TEMA (21):	38.42
Williams %R (14):	-57.29
Chande Momentum Oscillator (20):	-13.28
Repulse (5,40,3):	12.9800
ROCnROLL:	2
TRIX (15,9):	-1.2300
Courbe Coppock:	50.39

MA7:	40.93
MA20:	48.28
MA50:	58.05
MA100:	56.80
MAexp7:	42.29
MAexp20:	47.39
MAexp50:	53.52
MAexp100:	54.74
Price / MA7:	+9.92%
Price / MA20:	-6.81%
Price / MA50:	-22.50%
Price / MA100:	-20.79%
Price / MAexp7:	+6.38%
Price / MAexp20:	-5.06%
Price / MAexp50:	-15.94%
Price / MAexp100:	-17.81%

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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