ELROND - ERD/USDT
ELROND - ERD/USDT
0.021120 USDT (-1.68%)
Real time data - Cryptocompare
Open: 0.021470
Change: -0.000360
Volume: 15,628,536
Low: 0.020750
High: 0.022000
High / Low range: 0.001250
Type: Cryptocurrencies
Ticker: ERDUSDT
ISIN:

ELROND - ERD/USDT - 1H - Technical analysis published on 08/01/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-08-01 09:09:00
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 0.020870 USDT
My targets
0.019070 USDT (-2.41%)
0.018713 USDT (-4.23%)
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 0.020870 USDT. The sellers” bearish objective is set at 0.019070 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.018713 USDT. In case of crossing, the next objective would be the support located at 0.016800 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.7

Complete this analysis for another time unit:
15 min. Daily
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The ELROND - ERD/USDT price is 0.019540 USDT. The price registered a decrease of -7.31% on the session and was traded between 0.019120 USDT and 0.021230 USDT over the period. The price is currently at +2.20% from its lowest and -7.96% from its highest.

0.019120
0.021230
0.019540

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of ELROND - ERD/USDT in 1H shows a overall strongly bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 4 are bullish, 1 are neutral and 13 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.012630 0.016800 0.019070 0.019540 0.020870 0.022700 0.024933
Change (%) -35.36% -14.02% -2.41% - +6.81% +16.17% +27.60%
Change -0.006910 -0.002740 -0.000470 - +0.001330 +0.003160 +0.005393
Level Intermediate Major Minor - Minor Intermediate 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
Standard0.0157870.0183930.0197370.0223430.0236870.0262930.027637
Camarilla0.0199940.0203560.0207180.0210800.0214420.0218040.022166
Woodie0.0151550.0180780.0191050.0220280.0230550.0259780.027005
Fibonacci0.0183930.0199020.0208340.0223430.0238520.0247840.026293


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0079030.0100770.0143930.0165670.0208830.0230570.027373
Camarilla0.0169250.0175200.0181150.0187100.0193050.0199000.020495
Woodie0.0089750.0106130.0154650.0171030.0219550.0235930.028445
Fibonacci0.0100770.0125560.0140880.0165670.0190460.0205780.023057


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.015893-0.0051470.0079670.0187130.0318270.0425730.055687
Camarilla0.0145190.0167060.0188930.0210800.0232670.0254540.027642
Woodie-0.014710-0.0045550.0091500.0193050.0330100.0431650.056870
Fibonacci-0.0051470.0039680.0095990.0187130.0278280.0334590.042573

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 23.65
MACD (12,26,9): -0.0011
Directional Movement: -33.389642
AROON (14): -85.714286
DEMA (21): 0.020122
Parabolic SAR (0,02-0,02-0,2): 0.022498
Elder Ray (13): -0.001015
Super Trend (3,10): 0.021977
Zig ZAG (10): 0.019270
VORTEX (21): 0.6520
Stochastique (14,3,5): 11.95
TEMA (21): 0.019596
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.004420
Repulse (5,40,3): -8.9585
ROCnROLL: 2
TRIX (15,9): -0.6111
Courbe Coppock: 29.80
MA7: 0.023597
MA20: 0.018180
MA50: 0.010925
MA100: 0.006492
MAexp7: 0.020278
MAexp20: 0.021600
MAexp50: 0.023067
MAexp100: 0.023360
Price / MA7: -17.19%
Price / MA20: +7.48%
Price / MA50: +78.86%
Price / MA100: +200.99%
Price / MAexp7: -3.64%
Price / MAexp20: -9.54%
Price / MAexp50: -15.29%
Price / MAexp100: -16.35%

Quotes : 2020-08-01 09:08:49 - Real time data - Cryptocompare

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

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