AELF - ELF/USD - 1H - Technical analysis published on 09/06/2024 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 0.355693 USD
My targets
0.334804 USD (-2.90%)
0.315568 USD (-8.48%)
My analysis
AELF - ELF/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 0.355693 USD. The next support located at 0.334804 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 0.315568 USD. Below this support, sellers could then target 0.191719 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AELF - ELF/USD rating 0.344810 USD. On the day, this instrument gained +2.31% and was traded between 0.322981 USD and 0.356573 USD over the period. The price is currently at +6.76% from its lowest and -3.30% from its highest.0.322981
0.356573
0.344810
Here is a more detailed summary of the historical variations registered by AELF - ELF/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AELF - ELF/USD indicates that the overall trend is strongly bearish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.191719 | 0.315568 | 0.334804 | 0.344810 | 0.355693 | 0.385054 | 0.417755 |
| Change (%) | -44.40% | -8.48% | -2.90% | - | +3.16% | +11.67% | +21.16% |
| Change | -0.153091 | -0.029242 | -0.010006 | - | +0.010883 | +0.040244 | +0.072945 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | 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 | 0.295746 | 0.315309 | 0.326173 | 0.345736 | 0.356600 | 0.376163 | 0.387027 |
| Camarilla | 0.328669 | 0.331458 | 0.334247 | 0.337036 | 0.339825 | 0.342614 | 0.345403 |
| Woodie | 0.291396 | 0.313134 | 0.321823 | 0.343561 | 0.352250 | 0.373988 | 0.382677 |
| Fibonacci | 0.315309 | 0.326932 | 0.334113 | 0.345736 | 0.357359 | 0.364540 | 0.376163 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.231913 | 0.289722 | 0.334786 | 0.392595 | 0.437659 | 0.495468 | 0.540532 |
| Camarilla | 0.351560 | 0.360990 | 0.370420 | 0.379850 | 0.389280 | 0.398710 | 0.408140 |
| Woodie | 0.225541 | 0.286536 | 0.328414 | 0.389409 | 0.431287 | 0.492282 | 0.534160 |
| Fibonacci | 0.289722 | 0.329020 | 0.353298 | 0.392595 | 0.431893 | 0.456171 | 0.495468 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.044471 | 0.167435 | 0.273643 | 0.396607 | 0.502815 | 0.625779 | 0.731987 |
| Camarilla | 0.316828 | 0.337835 | 0.358843 | 0.379850 | 0.400857 | 0.421865 | 0.442872 |
| Woodie | 0.036092 | 0.163246 | 0.265264 | 0.392418 | 0.494436 | 0.621590 | 0.723608 |
| Fibonacci | 0.167435 | 0.254979 | 0.309064 | 0.396607 | 0.484151 | 0.538236 | 0.625779 |
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): | 42.18 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -5.308708 | |
| AROON (14): | -28.571429 | |
| DEMA (21): | 0.347999 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.352216 | |
| Elder Ray (13): | -0.013357 | |
| Super Trend (3,10): | 0.323230 | |
| Zig ZAG (10): | 0.346110 | |
| VORTEX (21): | 0.9643 | |
| Stochastique (14,3,5): | 69.13 | |
| TEMA (21): | 0.347659 | |
| Williams %R (14): | -32.85 | |
| Chande Momentum Oscillator (20): | -0.007407 | |
| Repulse (5,40,3): | 19.9559 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0451 | |
| Courbe Coppock: | 1.12 |
| MA7: | 0.362783 | |
| MA20: | 0.387758 | |
| MA50: | 0.391229 | |
| MA100: | 0.398752 | |
| MAexp7: | 0.348146 | |
| MAexp20: | 0.349832 | |
| MAexp50: | 0.352975 | |
| MAexp100: | 0.358206 | |
| Price / MA7: | -4.95% | |
| Price / MA20: | -11.08% | |
| Price / MA50: | -11.86% | |
| Price / MA100: | -13.53% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -1.44% | |
| Price / MAexp50: | -2.31% | |
| Price / MAexp100: | -3.74% |
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.
About author
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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…
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