ELROND - ERD/USDT
ELROND - ERD/USDT
0.021140 USDT (-1.58%)
Real time data - Cryptocompare
Open: 0.021470
Change: -0.000340
Volume: 16,953,420
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 12:22:00
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.022700 USDT
My targets
0.020870 USDT (-3.87%)
0.019070 USDT (-12.16%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on ELROND - ERD/USDT. As long as you are under the resistance located at 0.022700 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.020870 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.019070 USDT as an objective. Crossing it would then enable sellers to target 0.016800 USDT. If the resistance 0.022700 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.7

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 rating is 0.021710 USDT. On the day, this instrument gained +2.99% and was between 0.018090 USDT and 0.022470 USDT. This implies that the price is at +20.01% from its lowest and at -3.38% from its highest.

0.018090
0.022470
0.021710

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 1H chart of ELROND - ERD/USDT indicates that the overall trend is bearish. 75.00% 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

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.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.016800 0.019070 0.020870 0.021710 0.022700 0.024933 0.027845
Change (%) -22.62% -12.16% -3.87% - +4.56% +14.85% +28.26%
Change -0.004910 -0.002640 -0.000840 - +0.000990 +0.003223 +0.006135
Level Major Minor Minor - Intermediate 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): 52.11
MACD (12,26,9): -0.0010
Directional Movement: -12.449180
AROON (14): -92.857140
DEMA (21): 0.019922
Parabolic SAR (0,02-0,02-0,2): 0.018090
Elder Ray (13): 0.000336
Super Trend (3,10): 0.017909
Zig ZAG (10): 0.021510
VORTEX (21): 0.8729
Stochastique (14,3,5): 57.31
TEMA (21): 0.019905
Williams %R (14): -24.89
Chande Momentum Oscillator (20): 0.000880
Repulse (5,40,3): 3.5770
ROCnROLL: -1
TRIX (15,9): -0.6534
Courbe Coppock: 18.51
MA7: 0.023881
MA20: 0.018293
MA50: 0.010971
MA100: 0.006515
MAexp7: 0.020561
MAexp20: 0.021265
MAexp50: 0.022747
MAexp100: 0.023182
Price / MA7: -9.09%
Price / MA20: +18.68%
Price / MA50: +97.89%
Price / MA100: +233.23%
Price / MAexp7: +5.59%
Price / MAexp20: +2.09%
Price / MAexp50: -4.56%
Price / MAexp100: -6.35%

Quotes : 2020-08-01 12:21:40 - Real time data - Cryptocompare

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

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