ELROND - ERD/USDT - 1H - Technical analysis published on 07/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.006003 USDT
My targets
0.005457 USDT (-5.59%)
0.005118 USDT (-11.45%)
My analysis
The basic trend is currently slightly bearish on ELROND - ERD/USDT and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 0.006003 USDT, sales could be favoured. The first bearish objective would be located at 0.005457 USDT. Sellers would then use the next support located at 0.005118 USDT as an objective. Crossing it would then enable sellers to target 0.004782 USDT. A return to above the resistance at 0.006003 USDT could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The ELROND - ERD/USDT rating is 0.005780 USDT. On the day, this instrument gained +1.85% with the lowest point at 0.005600 USDT and the highest point at 0.005950 USDT. The deviation from the price is +3.21% for the low point and -2.86% for the high point.0.005600
0.005950
0.005780
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ELROND - ERD/USDT:
Technical
Technical analysis of ELROND - ERD/USDT in 1H shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.004782 | 0.005118 | 0.005457 | 0.005780 | 0.005802 | 0.006003 | 0.006260 |
| Change (%) | -17.27% | -11.45% | -5.59% | - | +0.38% | +3.86% | +8.30% |
| Change | -0.000998 | -0.000662 | -0.000323 | - | +0.000022 | +0.000223 | +0.000480 |
| Level | Intermediate | Minor | Major | - | Minor | Major | Intermediate |
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 | 0.004791 | 0.005202 | 0.005438 | 0.005849 | 0.006085 | 0.006496 | 0.006732 |
| Camarilla | 0.005497 | 0.005556 | 0.005616 | 0.005675 | 0.005734 | 0.005794 | 0.005853 |
| Woodie | 0.004705 | 0.005158 | 0.005352 | 0.005805 | 0.005999 | 0.006452 | 0.006646 |
| Fibonacci | 0.005202 | 0.005449 | 0.005602 | 0.005849 | 0.006096 | 0.006249 | 0.006496 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002321 | 0.003355 | 0.004131 | 0.005165 | 0.005941 | 0.006975 | 0.007751 |
| Camarilla | 0.004408 | 0.004574 | 0.004740 | 0.004906 | 0.005072 | 0.005238 | 0.005404 |
| Woodie | 0.002191 | 0.003291 | 0.004001 | 0.005101 | 0.005811 | 0.006911 | 0.007621 |
| Fibonacci | 0.003355 | 0.004047 | 0.004474 | 0.005165 | 0.005857 | 0.006284 | 0.006975 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000825 | 0.000698 | 0.003486 | 0.005009 | 0.007797 | 0.009320 | 0.012108 |
| Camarilla | 0.005089 | 0.005484 | 0.005879 | 0.006274 | 0.006669 | 0.007064 | 0.007460 |
| Woodie | -0.000193 | 0.001014 | 0.004119 | 0.005325 | 0.008430 | 0.009636 | 0.012741 |
| Fibonacci | 0.000698 | 0.002345 | 0.003362 | 0.005009 | 0.006656 | 0.007673 | 0.009320 |
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): | 46.31 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -1.347828 | |
| AROON (14): | 35.714285 | |
| DEMA (21): | 0.005726 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.005668 | |
| Elder Ray (13): | -0.000008 | |
| Super Trend (3,10): | 0.006039 | |
| Zig ZAG (10): | 0.005780 | |
| VORTEX (21): | 0.9037 | |
| Stochastique (14,3,5): | 47.62 | |
| TEMA (21): | 0.005722 | |
| Williams %R (14): | -48.57 | |
| Chande Momentum Oscillator (20): | 0.000065 | |
| Repulse (5,40,3): | -0.8235 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2182 | |
| Courbe Coppock: | 0.49 |
| MA7: | 0.005539 | |
| MA20: | 0.004838 | |
| MA50: | 0.003392 | |
| MA100: | 0.002288 | |
| MAexp7: | 0.005781 | |
| MAexp20: | 0.005820 | |
| MAexp50: | 0.005896 | |
| MAexp100: | 0.005776 | |
| Price / MA7: | +4.35% | |
| Price / MA20: | +19.47% | |
| Price / MA50: | +70.40% | |
| Price / MA100: | +152.62% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -1.97% | |
| Price / MAexp100: | +0.07% |
Quotes :
2020-07-03 12:05:26
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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