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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Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

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ELROND - ERD/USDT Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 0.015527 USDT

My targets

0.013780 USDT (-6.32%)

0.012580 USDT (-14.48%)

My analysis

ELROND - ERD/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.015527 USDT. The next support located at 0.013780 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.012580 USDT. Below this support, sellers could then target 0.010780 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.5

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

ELROND - ERD/USDT rating 0.014710 USDT. The price is lower by -7.72% since the last closing with the lowest point at 0.013670 USDT and the highest point at 0.016620 USDT. The deviation from the price is +7.61% for the low point and -11.49% for the high point.

0.013670

0.016620

0.014710

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of ELROND - ERD/USDT in 15 min. shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes

An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 15 minutes

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Long black line

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.008400	0.010780	0.012905	0.014710	0.014994	0.016886
Change (%)	-42.90%	-26.72%	-12.27%	-	+1.93%	+14.79%
Change	-0.006310	-0.003930	-0.001805	-	+0.000284	+0.002176
Level	Minor	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	25.36
MACD (12,26,9):	-0.0001
Directional Movement:	-34.498118
AROON (14):	-64.285713
DEMA (21):	0.015850
Parabolic SAR (0,02-0,02-0,2):	0.016120
Elder Ray (13):	-0.000639
Super Trend (3,10):	0.015901
Zig ZAG (10):	0.015320
VORTEX (21):	0.7163
Stochastique (14,3,5):	15.31
TEMA (21):	0.015512
Williams %R (14):	-89.39
Chande Momentum Oscillator (20):	-0.001540
Repulse (5,40,3):	-11.5273
ROCnROLL:	2
TRIX (15,9):	-0.0756
Courbe Coppock:	7.87

MA7:	0.014600
MA20:	0.009703
MA50:	0.005989
MA100:	0.003772
MAexp7:	0.015255
MAexp20:	0.015946
MAexp50:	0.016018
MAexp100:	0.016049
Price / MA7:	+0.75%
Price / MA20:	+51.60%
Price / MA50:	+145.62%
Price / MA100:	+289.98%
Price / MAexp7:	-3.57%
Price / MAexp20:	-7.75%
Price / MAexp50:	-8.17%
Price / MAexp100:	-8.34%

Quotes : 2020-07-17 19:38:46 - Real time data - Cryptocompare

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

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