ELASTOS - ELA/USDT

- USDT (-)

- Real time data - Cryptocompare

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Volume:	-

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Type:	Cryptocurrencies
Ticker:	ELAUSDT
ISIN:

ELASTOS - ELA/USDT - Daily - Technical analysis published on 01/13/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 1.89 USDT

My targets

2.30 USDT (+13.30%)

2.67 USDT (+31.53%)

My analysis

The bullish trend is currently very strong on ELASTOS - ELA/USDT. As long as the price remains above the support at 1.89 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.30 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.67 USDT as an objective. Crossing it would then enable buyers to target 2.85 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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

Additional analysis

Quotes

The ELASTOS - ELA/USDT price is 2.03 USDT. On the day, this instrument lost -1.93% with the lowest point at 1.94 USDT and the highest point at 2.07 USDT. The deviation from the price is +4.64% for the low point and -1.93% for the high point.

1.94

2.07

2.03

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 Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this ELASTOS - ELA/USDT chart shows a strongly bullish trend. 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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	1.48	1.89	2.03	2.30	2.67	2.85
Change (%)	-27.09%	-6.90%	-	+13.30%	+31.53%	+40.39%
Change	-0.55	-0.14	-	+0.27	+0.64	+0.82
Level	Major	Major	-	Intermediate	Minor	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	1.77	1.87	1.97	2.08	2.18	2.29	2.39
Camarilla	2.01	2.03	2.05	2.07	2.09	2.11	2.13
Woodie	1.76	1.87	1.97	2.08	2.17	2.29	2.38
Fibonacci	1.87	1.95	2.00	2.08	2.16	2.21	2.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.87	1.16	1.63	1.92	2.39	2.69	3.16
Camarilla	1.89	1.96	2.03	2.10	2.17	2.24	2.31
Woodie	0.96	1.21	1.72	1.97	2.48	2.73	3.25
Fibonacci	1.16	1.45	1.63	1.92	2.22	2.40	2.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.00	1.23	1.36	1.59	1.72	1.95	2.08
Camarilla	1.40	1.43	1.46	1.49	1.53	1.56	1.59
Woodie	0.95	1.21	1.31	1.57	1.67	1.93	2.03
Fibonacci	1.23	1.37	1.45	1.59	1.73	1.81	1.95

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):	60.26
MACD (12,26,9):	0.1600
Directional Movement:	16.92
AROON (14):	50.00
DEMA (21):	2.07
Parabolic SAR (0,02-0,02-0,2):	1.80
Elder Ray (13):	0.04
Super Trend (3,10):	1.70
Zig ZAG (10):	2.01
VORTEX (21):	1.1200
Stochastique (14,3,5):	61.91
TEMA (21):	2.17
Williams %R (14):	-46.48
Chande Momentum Oscillator (20):	0.53
Repulse (5,40,3):	-1.5100
ROCnROLL:	1
TRIX (15,9):	1.0400
Courbe Coppock:	77.09

MA7:	2.13
MA20:	1.79
MA50:	1.65
MA100:	1.61
MAexp7:	2.06
MAexp20:	1.88
MAexp50:	1.72
MAexp100:	1.70
Price / MA7:	-4.69%
Price / MA20:	+13.41%
Price / MA50:	+23.03%
Price / MA100:	+26.09%
Price / MAexp7:	-1.46%
Price / MAexp20:	+7.98%
Price / MAexp50:	+18.02%
Price / MAexp100:	+19.41%

Quotes : 2021-01-13 15:38:22 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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