AELF - ELF/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	ELFUSD
ISIN:

AELF - ELF/USD - 1H - Technical analysis published on 12/17/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 0.521398 USD

My targets

0.544700 USD (+2.29%)

0.593142 USD (+11.39%)

My analysis

AELF - ELF/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.521398 USD. The next resistance located at 0.544700 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.593142 USD. After this resistance, buyers could then target 0.606245 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.3

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

The AELF - ELF/USD price is 0.532498 USD. The price has increased by +0.48% since the last closing and was traded between 0.501490 USD and 0.534678 USD over the period. The price is currently at +6.18% from its lowest and -0.41% from its highest.

0.501490

0.534678

0.532498

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AELF - ELF/USD:

Technical

Technical analysis of this 1H chart of AELF - ELF/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.483622	0.503366	0.521398	0.532498	0.544700	0.593142	0.606245
Change (%)	-9.18%	-5.47%	-2.08%	-	+2.29%	+11.39%	+13.85%
Change	-0.048876	-0.029132	-0.011100	-	+0.012202	+0.060644	+0.073747
Level	Major	Major	Intermediate	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.466701	0.482791	0.506373	0.522463	0.546045	0.562135	0.585717
Camarilla	0.519046	0.522683	0.526319	0.529956	0.533593	0.537229	0.540866
Woodie	0.470448	0.484664	0.510120	0.524336	0.549792	0.564008	0.589464
Fibonacci	0.482791	0.497945	0.507308	0.522463	0.537617	0.546980	0.562135

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.291202	0.374596	0.440804	0.524198	0.590406	0.673800	0.740008
Camarilla	0.465872	0.479585	0.493299	0.507012	0.520726	0.534439	0.548153
Woodie	0.282609	0.370300	0.432211	0.519902	0.581813	0.669504	0.731415
Fibonacci	0.374596	0.431744	0.467050	0.524198	0.581346	0.616652	0.673800

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.196155	0.062837	0.330289	0.589281	0.856733	1.115725	1.383177
Camarilla	0.452968	0.501225	0.549483	0.597740	0.645997	0.694255	0.742512
Woodie	-0.191926	0.064952	0.334518	0.591396	0.860962	1.117840	1.387406
Fibonacci	0.062837	0.263939	0.388180	0.589281	0.790383	0.914624	1.115725

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):	63.41
MACD (12,26,9):	0.0033
Directional Movement:	-14.370442
AROON (14):	-50.000000
DEMA (21):	0.533870
Parabolic SAR (0,02-0,02-0,2):	0.502154
Elder Ray (13):	0.003156
Super Trend (3,10):	0.520198
Zig ZAG (10):	0.534187
VORTEX (21):	1.0422
Stochastique (14,3,5):	86.32
TEMA (21):	0.533993
Williams %R (14):	-11.78
Chande Momentum Oscillator (20):	0.000329
Repulse (5,40,3):	2.2939
ROCnROLL:	1
TRIX (15,9):	0.0938
Courbe Coppock:	2.65

MA7:	0.515395
MA20:	0.552542
MA50:	0.461295
MA100:	0.419599
MAexp7:	0.531904
MAexp20:	0.529389
MAexp50:	0.523277
MAexp100:	0.520101
Price / MA7:	+3.32%
Price / MA20:	-3.63%
Price / MA50:	+15.44%
Price / MA100:	+26.91%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.59%
Price / MAexp50:	+1.76%
Price / MAexp100:	+2.38%

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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Londinia AI

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