AELF - ELF/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	ELFUSD
ISIN:

AELF - ELF/USD - 1H - Technical analysis published on 10/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 0.374730 USD

My targets

0.385174 USD (+1.21%)

0.409561 USD (+7.61%)

My analysis

The basic bullish trend is very strong on AELF - ELF/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.374730 USD. Crossing the first resistance at 0.385174 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.409561 USD as an objective. Crossing it would then enable buyers to target 0.437860 USD. Caution, a return to below 0.374730 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

Additional analysis

Quotes

AELF - ELF/USD rating 0.380587 USD. The price registered a decrease of -0.06% on the session with the lowest point at 0.371660 USD and the highest point at 0.381360 USD. The deviation from the price is +2.40% for the low point and -0.20% for the high point.

0.371660

0.381360

0.380587

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

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

The Central Records scanner for higher/lower results shows an item:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of AELF - ELF/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.370474	0.374730	0.378860	0.380587	0.385174	0.409561	0.437860
Change (%)	-2.66%	-1.54%	-0.45%	-	+1.21%	+7.61%	+15.05%
Change	-0.010113	-0.005857	-0.001727	-	+0.004587	+0.028974	+0.057273
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.366928	0.370925	0.375866	0.379863	0.384804	0.388801	0.393742
Camarilla	0.378349	0.379168	0.379988	0.380807	0.381626	0.382446	0.383265
Woodie	0.367400	0.371161	0.376338	0.380099	0.385276	0.389037	0.394214
Fibonacci	0.370925	0.374339	0.376449	0.379863	0.383277	0.385387	0.388801

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.330444	0.342264	0.361535	0.373355	0.392626	0.404446	0.423717
Camarilla	0.372257	0.375107	0.377957	0.380807	0.383657	0.386507	0.389357
Woodie	0.334171	0.344127	0.365262	0.375218	0.396353	0.406309	0.427444
Fibonacci	0.342264	0.354140	0.361478	0.373355	0.385231	0.392569	0.404446

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.177425	0.246596	0.313294	0.382465	0.449163	0.518334	0.585032
Camarilla	0.342627	0.355082	0.367536	0.379991	0.392446	0.404900	0.417355
Woodie	0.176188	0.245978	0.312057	0.381847	0.447926	0.517716	0.583795
Fibonacci	0.246596	0.298498	0.330563	0.382465	0.434367	0.466432	0.518334

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):	62.20
MACD (12,26,9):	0.0000
Directional Movement:	6.034917
AROON (14):	14.285714
DEMA (21):	0.377058
Parabolic SAR (0,02-0,02-0,2):	0.372024
Elder Ray (13):	0.001923
Super Trend (3,10):	0.383334
Zig ZAG (10):	0.380210
VORTEX (21):	0.9921
Stochastique (14,3,5):	89.30
TEMA (21):	0.376767
Williams %R (14):	-7.35
Chande Momentum Oscillator (20):	0.001730
Repulse (5,40,3):	1.2926
ROCnROLL:	1
TRIX (15,9):	-0.0215
Courbe Coppock:	0.87

MA7:	0.373398
MA20:	0.381720
MA50:	0.378060
MA100:	0.386235
MAexp7:	0.377686
MAexp20:	0.376903
MAexp50:	0.376613
MAexp100:	0.375242
Price / MA7:	+1.93%
Price / MA20:	-0.30%
Price / MA50:	+0.67%
Price / MA100:	-1.46%
Price / MAexp7:	+0.77%
Price / MAexp20:	+0.98%
Price / MAexp50:	+1.05%
Price / MAexp100:	+1.42%

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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