ELASTOS - ELA/USDT - 1H - Technical analysis published on 10/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.60 USDT
My targets
1.65 USDT (+1.85%)
1.68 USDT (+3.70%)
My analysis
The basic trend is currently slightly bullish on ELASTOS - ELA/USDT and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.60 USDT, purchases could be favourable. The first bullish objective would be the resistance located at 1.65 USDT. Then the price could move towards 1.68 USDT. Then 1.77 USDT by extension. A return under the support to 1.60 USDT could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ELASTOS - ELA/USDT price is 1.62 USDT. On the day, this instrument gained +1.89% and was between 1.58 USDT and 1.64 USDT. This implies that the price is at +2.53% from its lowest and at -1.22% from its highest.1.58
1.64
1.62
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of ELASTOS - ELA/USDT in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.36 | 1.57 | 1.60 | 1.62 | 1.65 | 1.68 | 1.77 |
| Change (%) | -16.05% | -3.09% | -1.23% | - | +1.85% | +3.70% | +9.26% |
| Change | -0.26 | -0.05 | -0.02 | - | +0.03 | +0.06 | +0.15 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.50 | 1.53 | 1.56 | 1.60 | 1.62 | 1.66 | 1.69 |
| Camarilla | 1.57 | 1.57 | 1.58 | 1.59 | 1.59 | 1.60 | 1.60 |
| Woodie | 1.49 | 1.53 | 1.55 | 1.60 | 1.62 | 1.66 | 1.68 |
| Fibonacci | 1.53 | 1.56 | 1.57 | 1.60 | 1.62 | 1.64 | 1.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.43 | 1.50 | 1.54 | 1.61 | 1.65 | 1.72 | 1.76 |
| Camarilla | 1.56 | 1.57 | 1.58 | 1.59 | 1.60 | 1.61 | 1.62 |
| Woodie | 1.42 | 1.50 | 1.53 | 1.61 | 1.64 | 1.72 | 1.75 |
| Fibonacci | 1.50 | 1.54 | 1.57 | 1.61 | 1.65 | 1.68 | 1.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.14 | 0.85 | 1.33 | 2.04 | 2.52 | 3.23 | 3.71 |
| Camarilla | 1.47 | 1.58 | 1.69 | 1.80 | 1.91 | 2.02 | 2.13 |
| Woodie | 0.01 | 0.79 | 1.21 | 1.98 | 2.40 | 3.17 | 3.59 |
| Fibonacci | 0.85 | 1.31 | 1.59 | 2.04 | 2.50 | 2.78 | 3.23 |
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): | 63.34 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 14.25 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.59 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.59 | |
| Zig ZAG (10): | 1.63 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 90.94 | |
| TEMA (21): | 1.63 | |
| Williams %R (14): | -13.56 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.32 |
| MA7: | 1.61 | |
| MA20: | 1.68 | |
| MA50: | 1.84 | |
| MA100: | 2.14 | |
| MAexp7: | 1.63 | |
| MAexp20: | 1.61 | |
| MAexp50: | 1.61 | |
| MAexp100: | 1.62 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | -3.57% | |
| Price / MA50: | -11.96% | |
| Price / MA100: | -24.30% | |
| Price / MAexp7: | -0.61% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | -0% |
Quotes :
2020-10-18 12:14:32
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Real time data
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