ELROND - ERD/USDT - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.012450 USDT
My targets
0.015527 USDT (+3.52%)
0.018905 USDT (+26.03%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ELROND - ERD/USDT as long as the price remains well above 0.012450 USDT. The buyers” bullish objective is set at 0.015527 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.018905 USDT. If there is any crossing, the next objective would be the resistance located at 0.023689 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Addareea.
Additional analysis
Quotes
The ELROND - ERD/USDT price is 0.015000 USDT. The price has increased by +11.77% since the last closing with the lowest point at 0.012750 USDT and the highest point at 0.015840 USDT. The deviation from the price is +17.65% for the low point and -5.30% for the high point.0.012750
0.015840
0.015000
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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.008458 | 0.011210 | 0.012450 | 0.015000 |
| Change (%) | -43.61% | -25.27% | -17.00% | - |
| Change | -0.006542 | -0.003790 | -0.002550 | - |
| Level | 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 | 0.009873 | 0.010607 | 0.012013 | 0.012747 | 0.014153 | 0.014887 | 0.016293 |
| Camarilla | 0.012832 | 0.013028 | 0.013224 | 0.013420 | 0.013616 | 0.013812 | 0.014009 |
| Woodie | 0.010210 | 0.010775 | 0.012350 | 0.012915 | 0.014490 | 0.015055 | 0.016630 |
| Fibonacci | 0.010607 | 0.011424 | 0.011929 | 0.012747 | 0.013564 | 0.014069 | 0.014887 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000797 | 0.002581 | 0.007365 | 0.010743 | 0.015527 | 0.018905 | 0.023689 |
| Camarilla | 0.009906 | 0.010654 | 0.011402 | 0.012150 | 0.012898 | 0.013646 | 0.014395 |
| Woodie | -0.000093 | 0.002933 | 0.008069 | 0.011095 | 0.016231 | 0.019257 | 0.024393 |
| Fibonacci | 0.002581 | 0.005699 | 0.007625 | 0.010743 | 0.013861 | 0.015787 | 0.018905 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.36 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 27.054798 | |
| AROON (14): | 57.142860 | |
| DEMA (21): | 0.014937 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.014760 | |
| Elder Ray (13): | 0.000821 | |
| Super Trend (3,10): | 0.013711 | |
| Zig ZAG (10): | 0.015020 | |
| VORTEX (21): | 1.2682 | |
| Stochastique (14,3,5): | 77.35 | |
| TEMA (21): | 0.015395 | |
| Williams %R (14): | -25.89 | |
| Chande Momentum Oscillator (20): | 0.002170 | |
| Repulse (5,40,3): | -1.8538 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7651 | |
| Courbe Coppock: | 29.44 |
| MA7: | 0.011089 | |
| MA20: | 0.007543 | |
| MA50: | 0.004920 | |
| MA100: | 0.003183 | |
| MAexp7: | 0.014887 | |
| MAexp20: | 0.014139 | |
| MAexp50: | 0.013038 | |
| MAexp100: | 0.011809 | |
| Price / MA7: | +35.27% | |
| Price / MA20: | +98.86% | |
| Price / MA50: | +204.88% | |
| Price / MA100: | +371.25% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +6.09% | |
| Price / MAexp50: | +15.05% | |
| Price / MAexp100: | +27.02% |
Quotes :
2020-07-13 15:40:17
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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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