AELF - ELF/USD - 1H - Technical analysis published on 12/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.575517 USD
My targets
0.621377 USD (+2.61%)
0.670176 USD (+10.67%)
My analysis
The strong short-term increase for AELF - ELF/USD reinforces the current slightly bullish trend. As long as the price remains above 0.575517 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.621377 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.670176 USD as an objective. Crossing it would then enable buyers to target 0.727130 USD. A return to 0.575517 USD 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AELF - ELF/USD rating is 0.605575 USD. The price has increased by +19.49% since the last closing with the lowest point at 0.502457 USD and the highest point at 0.605575 USD. The deviation from the price is +20.52% for the low point and 0% for the high point.0.502457
0.605575
0.605575
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of AELF - ELF/USD in 1H shows an overall slightly bullish trend. 53.57% 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.553383 | 0.575517 | 0.602953 | 0.605575 | 0.621377 | 0.670176 | 0.727130 |
| Change (%) | -8.62% | -4.96% | -0.43% | - | +2.61% | +10.67% | +20.07% |
| Change | -0.052192 | -0.030058 | -0.002622 | - | +0.015802 | +0.064601 | +0.121555 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.333609 | 0.402785 | 0.454791 | 0.523967 | 0.575973 | 0.645149 | 0.697155 |
| Camarilla | 0.473473 | 0.484581 | 0.495690 | 0.506798 | 0.517906 | 0.529015 | 0.540123 |
| Woodie | 0.325025 | 0.398493 | 0.446207 | 0.519675 | 0.567389 | 0.640857 | 0.688571 |
| Fibonacci | 0.402785 | 0.449076 | 0.477675 | 0.523967 | 0.570258 | 0.598857 | 0.645149 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.398177 | 0.466674 | 0.533183 | 0.601680 | 0.668189 | 0.736686 | 0.803195 |
| Camarilla | 0.562566 | 0.574942 | 0.587318 | 0.599693 | 0.612069 | 0.624444 | 0.636820 |
| Woodie | 0.397184 | 0.466177 | 0.532190 | 0.601183 | 0.667196 | 0.736189 | 0.802202 |
| Fibonacci | 0.466674 | 0.518246 | 0.550107 | 0.601680 | 0.653252 | 0.685113 | 0.736686 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.208850 | 0.056490 | 0.317594 | 0.582934 | 0.844038 | 1.109378 | 1.370482 |
| Camarilla | 0.433926 | 0.482183 | 0.530441 | 0.578698 | 0.626955 | 0.675213 | 0.723470 |
| Woodie | -0.210968 | 0.055431 | 0.315476 | 0.581875 | 0.841920 | 1.108319 | 1.368364 |
| Fibonacci | 0.056490 | 0.257592 | 0.381832 | 0.582934 | 0.784036 | 0.908276 | 1.109378 |
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): | 59.18 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | 29.204033 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.505566 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.575916 | |
| Elder Ray (13): | 0.025637 | |
| Super Trend (3,10): | 0.455162 | |
| Zig ZAG (10): | 0.505382 | |
| VORTEX (21): | 1.0289 | |
| Stochastique (14,3,5): | 13.57 | |
| TEMA (21): | 0.510206 | |
| Williams %R (14): | -86.43 | |
| Chande Momentum Oscillator (20): | 0.001757 | |
| Repulse (5,40,3): | -14.4280 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1184 | |
| Courbe Coppock: | 4.01 |
| MA7: | 0.540751 | |
| MA20: | 0.564030 | |
| MA50: | 0.445372 | |
| MA100: | 0.411073 | |
| MAexp7: | 0.504702 | |
| MAexp20: | 0.501288 | |
| MAexp50: | 0.504108 | |
| MAexp100: | 0.522590 | |
| Price / MA7: | +11.99% | |
| Price / MA20: | +7.37% | |
| Price / MA50: | +35.97% | |
| Price / MA100: | +47.32% | |
| Price / MAexp7: | +19.99% | |
| Price / MAexp20: | +20.80% | |
| Price / MAexp50: | +20.13% | |
| Price / MAexp100: | +15.88% |
Quotes :
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Real time data
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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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