ELROND - ERD/USDT - 1H - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
39%
17%
My opinion
Bullish above 0.015527 USDT
My targets
0.016886 USDT (+6.13%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.015527 USDT remains possible. It is advisable to trade ELROND - ERD/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.015527 USDT. The next bullish objective for buyers is set at 0.016886 USDT. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 0.015527 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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This analysis was given by Addareea.
Additional analysis
Quotes
The ELROND - ERD/USDT price is 0.015910 USDT. The price registered a decrease of -0.19% on the session and was traded between 0.015490 USDT and 0.016170 USDT over the period. The price is currently at +2.71% from its lowest and -1.61% from its highest.0.015490
0.016170
0.015910
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 bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
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.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.010780 | 0.012905 | 0.014994 | 0.015910 | 0.016886 |
| Change (%) | -32.24% | -18.89% | -5.76% | - | +6.13% |
| Change | -0.005130 | -0.003005 | -0.000916 | - | +0.000976 |
| Level | Minor | Minor | Major | - | 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 | 0.012580 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.47 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -8.081585 | |
| AROON (14): | -78.571426 | |
| DEMA (21): | 0.015896 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.016588 | |
| Elder Ray (13): | 0.000082 | |
| Super Trend (3,10): | 0.016759 | |
| Zig ZAG (10): | 0.015980 | |
| VORTEX (21): | 1.1125 | |
| Stochastique (14,3,5): | 48.91 | |
| TEMA (21): | 0.015701 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | -0.000060 | |
| Repulse (5,40,3): | 0.8050 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0966 | |
| Courbe Coppock: | 5.43 |
| MA7: | 0.014849 | |
| MA20: | 0.009750 | |
| MA50: | 0.006008 | |
| MA100: | 0.003780 | |
| MAexp7: | 0.015897 | |
| MAexp20: | 0.016007 | |
| MAexp50: | 0.015860 | |
| MAexp100: | 0.014965 | |
| Price / MA7: | +7.15% | |
| Price / MA20: | +63.18% | |
| Price / MA50: | +164.81% | |
| Price / MA100: | +320.90% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +6.31% |
Quotes :
2020-07-17 07:51:01
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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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