EGOLD - EGLD/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	EGLDUSDT
ISIN:

EGOLD - EGLD/USDT - Daily - Technical analysis published on 04/09/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 175.86 USDT

My targets

137.37 USDT (-16.67%)

128.17 USDT (-22.25%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ELROND - EGLD/USDT. As long as you are under the resistance located at 175.86 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 137.37 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 128.17 USDT as an objective. If the resistance 175.86 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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

3.9

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

The ELROND - EGLD/USDT rating is 164.85 USDT. On the day, this instrument gained +2.69% and was between 160.54 USDT and 167.22 USDT. This implies that the price is at +2.68% from its lowest and at -1.42% from its highest.

160.54

167.22

164.85

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 ELROND - EGLD/USDT:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of ELROND - EGLD/USDT in Daily shows an overall bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	128.17	164.85	199.44	231.86	295.89
Change (%)	-22.25%	-	+20.98%	+40.65%	+79.49%
Change	-36.68	-	+34.59	+67.01	+131.04
Level	Intermediate	-	Major	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	143.28	151.55	156.05	164.32	168.82	177.09	181.59
Camarilla	157.03	158.20	159.37	160.54	161.71	162.88	164.05
Woodie	141.39	150.61	154.16	163.38	166.93	176.15	179.70
Fibonacci	151.55	156.43	159.45	164.32	169.20	172.22	177.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	140.51	159.82	175.74	195.05	210.97	230.28	246.20
Camarilla	181.97	185.20	188.43	191.66	194.89	198.12	201.35
Woodie	138.82	158.97	174.05	194.20	209.28	229.43	244.51
Fibonacci	159.82	173.28	181.59	195.05	208.51	216.82	230.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.16	87.65	137.37	175.86	225.58	264.07	313.79
Camarilla	162.82	170.91	178.99	187.08	195.17	203.25	211.34
Woodie	54.77	90.46	142.98	178.67	231.19	266.88	319.40
Fibonacci	87.65	121.35	142.17	175.86	209.56	230.38	264.07

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):	45.34
MACD (12,26,9):	1.5700
Directional Movement:	-6.78
AROON (14):	-78.57
DEMA (21):	181.52
Parabolic SAR (0,02-0,02-0,2):	197.06
Elder Ray (13):	-13.54
Super Trend (3,10):	203.14
Zig ZAG (10):	166.54
VORTEX (21):	1.0100
Stochastique (14,3,5):	9.49
TEMA (21):	178.15
Williams %R (14):	-87.51
Chande Momentum Oscillator (20):	-26.11
Repulse (5,40,3):	-5.1500
ROCnROLL:	2
TRIX (15,9):	0.6300
Courbe Coppock:	10.28

MA7:	175.99
MA20:	185.08
MA50:	161.87
MA100:	170.35
MAexp7:	173.16
MAexp20:	177.08
MAexp50:	172.88
MAexp100:	182.15
Price / MA7:	-6.33%
Price / MA20:	-10.93%
Price / MA50:	+1.84%
Price / MA100:	-3.23%
Price / MAexp7:	-4.80%
Price / MAexp20:	-6.91%
Price / MAexp50:	-4.64%
Price / MAexp100:	-9.50%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15438

Number of analyses :

88388

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…