MULTIVERSX - EGLD/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	EGLDUSDT
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MULTIVERSX - EGLD/USDT - Daily - Technical analysis published on 12/29/2022 (GMT)

212
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12/29/2022 - 17:44
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Timeframe : Daily
- Analysis generated on 12/29/2022 - 17:44
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 35.02 USDT

My targets

30.60 USDT (-7.98%)

27.38 USDT (-17.65%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MULTIVERSX - EGLD/USDT as long as the price remains well below 35.02 USDT. The sellers' bearish objective is set at 30.60 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.38 USDT. In case of crossing, the next objective would be the support located at 6.93 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.9

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 MULTIVERSX - EGLD/USDT rating is 33.25 USDT. On the day, this instrument gained +0.27% with the lowest point at 33.03 USDT and the highest point at 33.55 USDT. The deviation from the price is +0.67% for the low point and -0.89% for the high point.

33.03

33.55

33.25

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this MULTIVERSX - EGLD/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	6.93	33.25	40.60	45.56	61.43
Change (%)	-79.16%	-	+22.11%	+37.02%	+84.75%
Change	-26.32	-	+7.35	+12.31	+28.18
Level	Intermediate	-	Minor	Minor	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	30.85	31.85	32.50	33.50	34.15	35.15	35.80
Camarilla	32.71	32.86	33.01	33.16	33.31	33.46	33.61
Woodie	30.69	31.76	32.34	33.41	33.99	35.06	35.64
Fibonacci	31.85	32.48	32.87	33.50	34.13	34.52	35.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27.38	30.73	32.70	36.05	38.02	41.37	43.34
Camarilla	33.22	33.71	34.19	34.68	35.17	35.66	36.14
Woodie	26.70	30.39	32.02	35.71	37.34	41.03	42.66
Fibonacci	30.73	32.76	34.01	36.05	38.08	39.33	41.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.60	35.02	39.42	43.84	48.24	52.66	57.06
Camarilla	41.39	42.19	43.00	43.81	44.62	45.43	46.24
Woodie	30.58	35.02	39.40	43.84	48.22	52.66	57.04
Fibonacci	35.02	38.39	40.47	43.84	47.21	49.29	52.66

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	26.44
MACD (12,26,9):	-2.8500
Directional Movement:	-31.36
AROON (14):	-85.71
DEMA (21):	34.30
Parabolic SAR (0,02-0,02-0,2):	37.50
Elder Ray (13):	-2.56
Super Trend (3,10):	38.32
Zig ZAG (10):	34.04
VORTEX (21):	0.7200
Stochastique (14,3,5):	7.71
TEMA (21):	33.22
Williams %R (14):	-89.80
Chande Momentum Oscillator (20):	-7.98
Repulse (5,40,3):	-0.0800
ROCnROLL:	2
TRIX (15,9):	-0.7900
Courbe Coppock:	42.77

MA7:	34.36
MA20:	39.19
MA50:	41.75
MA100:	47.78
MAexp7:	34.75
MAexp20:	37.86
MAexp50:	42.16
MAexp100:	47.27
Price / MA7:	-3.23%
Price / MA20:	-15.16%
Price / MA50:	-20.36%
Price / MA100:	-30.41%
Price / MAexp7:	-4.32%
Price / MAexp20:	-12.18%
Price / MAexp50:	-21.13%
Price / MAexp100:	-29.66%

Quotes : 12/29/2022 - 17:42 - Real time data - Cryptocompare

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

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