ELROND - ERD/USDT - 15 min. - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.016060 USDT
My targets
0.015527 USDT (-2.10%)
0.014860 USDT (-6.31%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.016060 USDT remains possible. It is advisable to trade ELROND - ERD/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.016060 USDT. The next bearish objective for sellers is set at 0.015527 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.014860 USDT. In case of crossing, the next objective would be the support located at 0.013780 USDT. PS: if there is a bullish break in the resistance located at 0.016060 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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 Addareea.
Additional analysis
Quotes
The ELROND - ERD/USDT rating is 0.015860 USDT. The price registered a decrease of -0.50% on the session with the lowest point at 0.015490 USDT and the highest point at 0.016170 USDT. The deviation from the price is +2.39% for the low point and -1.92% for the high point.0.015490
0.016170
0.015860
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
A technical analysis in 15 min. of this ELROND - ERD/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.010780 | 0.012905 | 0.014994 | 0.015860 | 0.016886 |
| Change (%) | -32.03% | -18.63% | -5.46% | - | +6.47% |
| Change | -0.005080 | -0.002955 | -0.000866 | - | +0.001026 |
| Level | Minor | 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 | 0.012580 | 0.013780 | 0.014860 | 0.016060 | 0.017140 | 0.018340 | 0.019420 |
| Camarilla | 0.015313 | 0.015522 | 0.015731 | 0.015940 | 0.016149 | 0.016358 | 0.016567 |
| Woodie | 0.012520 | 0.013750 | 0.014800 | 0.016030 | 0.017080 | 0.018310 | 0.019360 |
| Fibonacci | 0.013780 | 0.014651 | 0.015189 | 0.016060 | 0.016931 | 0.017469 | 0.018340 |
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): | 54.91 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.068007 | |
| AROON (14): | 64.285717 | |
| DEMA (21): | 0.015947 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.015659 | |
| Elder Ray (13): | 0.000073 | |
| Super Trend (3,10): | 0.015685 | |
| Zig ZAG (10): | 0.015980 | |
| VORTEX (21): | 1.0612 | |
| Stochastique (14,3,5): | 77.44 | |
| TEMA (21): | 0.016059 | |
| Williams %R (14): | -29.03 | |
| Chande Momentum Oscillator (20): | 0.000380 | |
| Repulse (5,40,3): | 0.2340 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0112 | |
| Courbe Coppock: | 5.22 |
| MA7: | 0.014849 | |
| MA20: | 0.009750 | |
| MA50: | 0.006008 | |
| MA100: | 0.003780 | |
| MAexp7: | 0.016014 | |
| MAexp20: | 0.015904 | |
| MAexp50: | 0.015946 | |
| MAexp100: | 0.016044 | |
| Price / MA7: | +6.81% | |
| Price / MA20: | +62.67% | |
| Price / MA50: | +163.98% | |
| Price / MA100: | +319.58% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -1.15% |
Quotes :
2020-07-17 07:50:49
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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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