ELROND - ERD/USDT

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Type:	Cryptocurrencies
Ticker:	ERDUSDT
ISIN:

ELROND - ERD/USDT - 15 min. - Technical analysis published on 07/17/2020 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

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ELROND - ERD/USDT Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 0.016060 USDT

My targets

0.014860 USDT (-2.88%)

0.013780 USDT (-9.93%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ELROND - ERD/USDT as long as the price remains well below 0.016060 USDT. The sellers” bearish objective is set at 0.014860 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.013780 USDT. In case of crossing, the next objective would be the support located at 0.012580 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Addareea.

Additional analysis

Quotes

The ELROND - ERD/USDT rating is 0.015300 USDT. The price is lower by -4.02% since the last closing and was between 0.015090 USDT and 0.016620 USDT. This implies that the price is at +1.39% from its lowest and at -7.94% from its highest.

0.015090

0.016620

0.015300

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this ELROND - ERD/USDT chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of triangle is broken

Type : Bearish

Timeframe : 15 minutes

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Black line without upper shadow

Type : Bearish

Timeframe : 15 minutes

Black evening star

Type : Bearish

Timeframe : 15 minutes

Long black line

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	0.010780	0.012905	0.014994	0.015300	0.016886
Change (%)	-29.54%	-15.65%	-2.00%	-	+10.37%
Change	-0.004520	-0.002395	-0.000306	-	+0.001586
Level	Minor	Minor	Major	-	Intermediate

Attention could also be paid to pivot points to set price objectives:

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):	25.36
MACD (12,26,9):	-0.0001
Directional Movement:	-13.885584
AROON (14):	-42.857143
DEMA (21):	0.016093
Parabolic SAR (0,02-0,02-0,2):	0.016290
Elder Ray (13):	-0.000067
Super Trend (3,10):	0.016350
Zig ZAG (10):	0.016020
VORTEX (21):	0.9116
Stochastique (14,3,5):	36.58
TEMA (21):	0.016045
Williams %R (14):	-64.10
Chande Momentum Oscillator (20):	-0.000010
Repulse (5,40,3):	-0.4272
ROCnROLL:	2
TRIX (15,9):	0.0027
Courbe Coppock:	2.33

MA7:	0.014857
MA20:	0.009703
MA50:	0.005989
MA100:	0.003772
MAexp7:	0.016084
MAexp20:	0.015946
MAexp50:	0.016018
MAexp100:	0.016049
Price / MA7:	+2.98%
Price / MA20:	+57.68%
Price / MA50:	+155.47%
Price / MA100:	+305.62%
Price / MAexp7:	-4.87%
Price / MAexp20:	-4.05%
Price / MAexp50:	-4.48%
Price / MAexp100:	-4.67%

Quotes : 2020-07-17 18:38:15 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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