ELROND - ERD/USDT - 1H - Technical analysis published on 07/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 0.011210 USDT
My targets
0.012450 USDT (+4.45%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ELROND - ERD/USDT. As long as you are above the support located at 0.011210 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.012450 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 0.011210 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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This analysis was given by Addareea.
Additional analysis
Quotes
The ELROND - ERD/USDT price is 0.011920 USDT. The price registered a decrease of -0.58% on the session with the lowest point at 0.011560 USDT and the highest point at 0.014120 USDT. The deviation from the price is +3.11% for the low point and -15.58% for the high point.0.011560
0.014120
0.011920
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ELROND - ERD/USDT indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.006274 | 0.008458 | 0.011210 | 0.011920 | 0.012450 |
| Change (%) | -47.37% | -29.04% | -5.96% | - | +4.45% |
| Change | -0.005646 | -0.003462 | -0.000710 | - | +0.000530 |
| Level | Intermediate | Major | Minor | - | 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 | 0.005042 | 0.006791 | 0.009391 | 0.011140 | 0.013740 | 0.015489 | 0.018089 |
| Camarilla | 0.010794 | 0.011193 | 0.011591 | 0.011990 | 0.012389 | 0.012787 | 0.013186 |
| Woodie | 0.005467 | 0.007004 | 0.009816 | 0.011353 | 0.014165 | 0.015702 | 0.018514 |
| Fibonacci | 0.006791 | 0.008453 | 0.009479 | 0.011140 | 0.012802 | 0.013828 | 0.015489 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.003383 | 0.004081 | 0.005235 | 0.005933 | 0.007087 | 0.007785 | 0.008939 |
| Camarilla | 0.005881 | 0.006051 | 0.006220 | 0.006390 | 0.006560 | 0.006730 | 0.006899 |
| Woodie | 0.003612 | 0.004195 | 0.005464 | 0.006047 | 0.007316 | 0.007899 | 0.009168 |
| Fibonacci | 0.004081 | 0.004788 | 0.005225 | 0.005933 | 0.006640 | 0.007077 | 0.007785 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.64 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.738802 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.012582 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.012939 | |
| Elder Ray (13): | -0.000216 | |
| Super Trend (3,10): | 0.011492 | |
| Zig ZAG (10): | 0.012200 | |
| VORTEX (21): | 1.0472 | |
| Stochastique (14,3,5): | 29.04 | |
| TEMA (21): | 0.012469 | |
| Williams %R (14): | -74.22 | |
| Chande Momentum Oscillator (20): | -0.001270 | |
| Repulse (5,40,3): | -1.1045 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.7189 | |
| Courbe Coppock: | 2.51 |
| MA7: | 0.008898 | |
| MA20: | 0.006598 | |
| MA50: | 0.004442 | |
| MA100: | 0.002914 | |
| MAexp7: | 0.012231 | |
| MAexp20: | 0.012023 | |
| MAexp50: | 0.011002 | |
| MAexp100: | 0.009788 | |
| Price / MA7: | +33.96% | |
| Price / MA20: | +80.66% | |
| Price / MA50: | +168.35% | |
| Price / MA100: | +309.06% | |
| Price / MAexp7: | -2.54% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | +8.34% | |
| Price / MAexp100: | +21.78% |
Quotes :
2020-07-11 15:07:46
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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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