EGOLD - EGLD/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EGLDUSDT
ISIN:

EGOLD - EGLD/USDT - Daily - Technical analysis published on 03/22/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

94%

My opinion

Bullish above 167.38 USDT

My targets

200.19 USDT (+8.01%)

231.86 USDT (+25.09%)

My analysis

The strong short-term increase for ELROND - EGLD/USDT reinforces the current slightly bullish trend. As long as the price remains above 167.38 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 200.19 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 231.86 USDT as an objective. Crossing it would then enable buyers to target 295.89 USDT. A return to 167.38 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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

Force

5.9

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

Additional analysis

Quotes

ELROND - EGLD/USDT rating 185.35 USDT. On the day, this instrument gained +6.97% and was traded between 172.20 USDT and 185.77 USDT over the period. The price is currently at +7.64% from its lowest and -0.23% from its highest.

172.20

185.77

185.35

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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 for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on ELROND - EGLD/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of ELROND - EGLD/USDT in Daily shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	128.17	185.35	200.19	231.86	295.89
Change (%)	-30.85%	-	+8.01%	+25.09%	+59.64%
Change	-57.18	-	+14.84	+46.51	+110.54
Level	Intermediate	-	Minor	Minor	Minor

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	147.79	153.90	163.59	169.70	179.39	185.50	195.19
Camarilla	168.94	170.38	171.83	173.28	174.73	176.18	177.63
Woodie	149.58	154.80	165.38	170.60	181.18	186.40	196.98
Fibonacci	153.90	159.94	163.66	169.70	175.74	179.46	185.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.10	118.42	139.26	153.58	174.42	188.74	209.58
Camarilla	150.44	153.66	156.89	160.11	163.33	166.56	169.78
Woodie	107.37	120.05	142.53	155.21	177.69	190.37	212.85
Fibonacci	118.42	131.85	140.15	153.58	167.01	175.31	188.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-5.27	57.94	104.17	167.38	213.61	276.82	323.05
Camarilla	120.31	130.35	140.38	150.41	160.44	170.47	180.51
Woodie	-13.75	53.70	95.69	163.14	205.13	272.58	314.57
Fibonacci	57.94	99.74	125.57	167.38	209.18	235.01	276.82

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):	67.64
MACD (12,26,9):	4.9700
Directional Movement:	15.36
AROON (14):	100.00
DEMA (21):	159.90
Parabolic SAR (0,02-0,02-0,2):	146.75
Elder Ray (13):	19.39
Super Trend (3,10):	142.35
Zig ZAG (10):	184.72
VORTEX (21):	1.1000
Stochastique (14,3,5):	91.10
TEMA (21):	169.17
Williams %R (14):	-0.43
Chande Momentum Oscillator (20):	40.62
Repulse (5,40,3):	14.2600
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	40.90

MA7:	165.63
MA20:	148.57
MA50:	157.16
MA100:	182.24
MAexp7:	166.75
MAexp20:	156.00
MAexp50:	161.06
MAexp100:	180.79
Price / MA7:	+11.91%
Price / MA20:	+24.76%
Price / MA50:	+17.94%
Price / MA100:	+1.71%
Price / MAexp7:	+11.15%
Price / MAexp20:	+18.81%
Price / MAexp50:	+15.08%
Price / MAexp100:	+2.52%

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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