Londinia Opportunities Analyses - 11/20/2024 (GMT) ELASTOS - ELA/USDT - 1H

- USDT (-)

- Real time data - CoinMarketCap

Type:	Cryptocurrencies
Ticker:	ELAUSDT
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

17%

My opinion

Bullish above 2.03 USDT

My targets

2.15 USDT (+3.37%)

2.28 USDT (+9.47%)

My analysis

The bullish trend is currently very strong on ELASTOS - ELA/USDT. As long as the price remains above the support at 2.03 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.15 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.28 USDT as an objective. Crossing it would then enable buyers to target 2.49 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

7.7

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.

Additional analysis

Quotes

The ELASTOS - ELA/USDT rating is 2.08 USDT. On the day, this instrument gained +6.67% and was between 1.89 USDT and 2.22 USDT. This implies that the price is at +10.05% from its lowest and at -6.31% from its highest.

1.89

2.22

2.08

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of ELASTOS - ELA/USDT 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, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.87	1.97	2.03	2.08	2.15	2.49	2.84
Change (%)	-10.10%	-5.29%	-2.40%	-	+3.37%	+19.71%	+36.54%
Change	-0.21	-0.11	-0.05	-	+0.07	+0.41	+0.76
Level	Intermediate	Minor	Major	-	Intermediate	Major	Intermediate

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	1.70	1.78	1.87	1.95	2.04	2.12	2.21
Camarilla	1.90	1.92	1.93	1.95	1.97	1.98	2.00
Woodie	1.70	1.78	1.87	1.95	2.04	2.12	2.21
Fibonacci	1.78	1.85	1.89	1.95	2.02	2.06	2.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.88	1.31	1.58	2.01	2.28	2.71	2.98
Camarilla	1.65	1.71	1.78	1.84	1.90	1.97	2.03
Woodie	0.79	1.27	1.49	1.97	2.19	2.67	2.89
Fibonacci	1.31	1.58	1.75	2.01	2.28	2.45	2.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.14	1.41	1.63	1.90	2.12	2.39	2.61
Camarilla	1.71	1.75	1.80	1.84	1.89	1.93	1.98
Woodie	1.11	1.40	1.60	1.89	2.09	2.38	2.58
Fibonacci	1.41	1.60	1.72	1.90	2.09	2.21	2.39

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.31
MACD (12,26,9):	0.0300
Directional Movement:	23.98
AROON (14):	42.86
DEMA (21):	2.05
Parabolic SAR (0,02-0,02-0,2):	1.96
Elder Ray (13):	0.02
Super Trend (3,10):	1.98
Zig ZAG (10):	2.05
VORTEX (21):	1.1300
Stochastique (14,3,5):	46.68
TEMA (21):	2.07
Williams %R (14):	-52.61
Chande Momentum Oscillator (20):	0.13
Repulse (5,40,3):	0.2500
ROCnROLL:	1
TRIX (15,9):	0.2100
Courbe Coppock:	11.80

MA7:	1.88
MA20:	1.88
MA50:	1.84
MA100:	1.84
MAexp7:	2.05
MAexp20:	2.01
MAexp50:	1.97
MAexp100:	1.93
Price / MA7:	+10.64%
Price / MA20:	+10.64%
Price / MA50:	+13.04%
Price / MA100:	+13.04%
Price / MAexp7:	+1.46%
Price / MAexp20:	+3.48%
Price / MAexp50:	+5.58%
Price / MAexp100:	+7.77%

Quotes : - Real time data - Cryptocompare