ELASTOS - ELA/USDT - 1H - Technical analysis published on 01/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 2.30 USDT
My targets
2.08 USDT (-8.41%)
1.89 USDT (-16.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ELASTOS - ELA/USDT as long as the price remains well below 2.30 USDT. The sellers” bearish objective is set at 2.08 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.89 USDT. In case of crossing, the next objective would be the support located at 1.66 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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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 2.27 USDT. The price is lower by -4.62% since the last closing and was traded between 2.22 USDT and 2.44 USDT over the period. The price is currently at +2.25% from its lowest and -6.97% from its highest.2.22
2.44
2.27
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this ELASTOS - ELA/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish 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, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.66 | 1.89 | 2.07 | 2.27 | 2.30 | 2.41 | 2.53 |
| Change (%) | -26.87% | -16.74% | -8.81% | - | +1.32% | +6.17% | +11.45% |
| Change | -0.61 | -0.38 | -0.20 | - | +0.03 | +0.14 | +0.26 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | 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 | 1.99 | 2.12 | 2.25 | 2.38 | 2.51 | 2.64 | 2.77 |
| Camarilla | 2.31 | 2.33 | 2.36 | 2.38 | 2.41 | 2.43 | 2.45 |
| Woodie | 1.99 | 2.12 | 2.25 | 2.38 | 2.51 | 2.64 | 2.77 |
| Fibonacci | 2.12 | 2.22 | 2.28 | 2.38 | 2.48 | 2.54 | 2.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.09 | 1.51 | 2.08 | 2.50 | 3.07 | 3.49 | 4.06 |
| Camarilla | 2.37 | 2.46 | 2.55 | 2.65 | 2.74 | 2.83 | 2.92 |
| Woodie | 1.16 | 1.55 | 2.15 | 2.54 | 3.14 | 3.53 | 4.13 |
| Fibonacci | 1.51 | 1.89 | 2.12 | 2.50 | 2.88 | 3.11 | 3.49 |
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): | 34.68 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -15.47 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 2.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.39 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 2.38 | |
| Zig ZAG (10): | 2.24 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 4.56 | |
| TEMA (21): | 2.25 | |
| Williams %R (14): | -98.63 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -2.8800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 8.14 |
| MA7: | 2.50 | |
| MA20: | 2.18 | |
| MA50: | 1.80 | |
| MA100: | 1.68 | |
| MAexp7: | 2.27 | |
| MAexp20: | 2.33 | |
| MAexp50: | 2.40 | |
| MAexp100: | 2.45 | |
| Price / MA7: | -9.20% | |
| Price / MA20: | +4.13% | |
| Price / MA50: | +26.11% | |
| Price / MA100: | +35.12% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -2.58% | |
| Price / MAexp50: | -5.42% | |
| Price / MAexp100: | -7.35% |
Quotes :
2021-01-21 09:56:50
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Real time data
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Cryptocompare
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