AELF - ELF/USDT - 1H - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.065440 USDT
My targets
0.072840 USDT (+10.87%)
0.077360 USDT (+17.75%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on AELF - ELF/USDT. This is a positive signal for buyers. As long as the price remains above 0.065440 USDT, a purchase could be considered. The first bullish objective is located at 0.072840 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.077360 USDT as an objective. Crossing it would then enable buyers to target 0.080545 USDT. In the event of a return below 0.065440 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.5
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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 AELF - ELF/USDT rating is 0.065700 USDT. On the day, this instrument gained +2.34% and was traded between 0.063800 USDT and 0.066690 USDT over the period. The price is currently at +2.98% from its lowest and -1.48% from its highest.0.063800
0.066690
0.065700
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of AELF - ELF/USDT in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.058909 | 0.062800 | 0.065440 | 0.065700 | 0.072840 | 0.077360 | 0.080545 |
| Change (%) | -10.34% | -4.41% | -0.40% | - | +10.87% | +17.75% | +22.60% |
| Change | -0.006791 | -0.002900 | -0.000260 | - | +0.007140 | +0.011660 | +0.014845 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | 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 | 0.053547 | 0.056173 | 0.060187 | 0.062813 | 0.066827 | 0.069453 | 0.073467 |
| Camarilla | 0.062374 | 0.062983 | 0.063591 | 0.064200 | 0.064809 | 0.065417 | 0.066026 |
| Woodie | 0.054240 | 0.056520 | 0.060880 | 0.063160 | 0.067520 | 0.069800 | 0.074160 |
| Fibonacci | 0.056173 | 0.058710 | 0.060277 | 0.062813 | 0.065350 | 0.066917 | 0.069453 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030497 | 0.045323 | 0.056607 | 0.071433 | 0.082717 | 0.097543 | 0.108827 |
| Camarilla | 0.060710 | 0.063103 | 0.065497 | 0.067890 | 0.070283 | 0.072677 | 0.075070 |
| Woodie | 0.028725 | 0.044438 | 0.054835 | 0.070548 | 0.080945 | 0.096658 | 0.107055 |
| Fibonacci | 0.045323 | 0.055297 | 0.061459 | 0.071433 | 0.081407 | 0.087569 | 0.097543 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.040867 | 0.055923 | 0.072787 | 0.087843 | 0.104707 | 0.119763 | 0.136627 |
| Camarilla | 0.080872 | 0.083798 | 0.086724 | 0.089650 | 0.092576 | 0.095502 | 0.098428 |
| Woodie | 0.041770 | 0.056375 | 0.073690 | 0.088295 | 0.105610 | 0.120215 | 0.137530 |
| Fibonacci | 0.055923 | 0.068117 | 0.075650 | 0.087843 | 0.100037 | 0.107570 | 0.119763 |
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): | 55.81 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 7.185297 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.065940 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.064470 | |
| Elder Ray (13): | 0.000083 | |
| Super Trend (3,10): | 0.063486 | |
| Zig ZAG (10): | 0.065640 | |
| VORTEX (21): | 1.1034 | |
| Stochastique (14,3,5): | 61.83 | |
| TEMA (21): | 0.066054 | |
| Williams %R (14): | -36.33 | |
| Chande Momentum Oscillator (20): | 0.001140 | |
| Repulse (5,40,3): | -0.2073 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1772 | |
| Courbe Coppock: | 4.07 |
| MA7: | 0.064357 | |
| MA20: | 0.075661 | |
| MA50: | 0.080772 | |
| MA100: | 0.080252 | |
| MAexp7: | 0.065597 | |
| MAexp20: | 0.064976 | |
| MAexp50: | 0.063847 | |
| MAexp100: | 0.064138 | |
| Price / MA7: | +2.09% | |
| Price / MA20: | -13.17% | |
| Price / MA50: | -18.66% | |
| Price / MA100: | -18.13% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +1.11% | |
| Price / MAexp50: | +2.90% | |
| Price / MAexp100: | +2.44% |
This member declared not having a position on this financial instrument or a related financial instrument.
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