ELROND - ERD/USDT
ELROND - ERD/USDT
0.021050 USDT (-2.00%)
Real time data - Cryptocompare
Open: 0.021470
Change: -0.000430
Volume: 14,666,981
Low: 0.020750
High: 0.022000
High / Low range: 0.001250
Type: Cryptocurrencies
Ticker: ERDUSDT
ISIN:

ELROND - ERD/USDT - 15 min. - Technical analysis published on 08/01/2020

  • Who voted?
  • 86
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 15 min.
  • - Analysis generated on 2020-08-01 12:23:07
  • Status : INVALID

ELROND - ERD/USDT - 15 min.
Download a full-size picture

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.020883 USDT
My targets
0.022343 USDT (+2.45%)
0.023687 USDT (+8.60%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on ELROND - ERD/USDT as long as the price remains well above 0.020883 USDT. The buyers” bullish objective is set at 0.022343 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.023687 USDT. If there is any crossing, the next objective would be the resistance located at 0.026293 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.5

Complete this analysis for another time unit:
1H 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 0.021810 USDT. The price registered an increase of +3.46% on the session and was traded between 0.018090 USDT and 0.022470 USDT over the period. The price is currently at +20.56% from its lowest and -2.94% from its highest.

0.018090
0.022470
0.021810

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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


A technical analysis in 15 min. of this ELROND - ERD/USDT chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

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 this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.016800 0.019070 0.020870 0.021810 0.022700 0.024933 0.027845
Change (%) -22.97% -12.56% -4.31% - +4.08% +14.32% +27.67%
Change -0.005010 -0.002740 -0.000940 - +0.000890 +0.003123 +0.006035
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 67.76
MACD (12,26,9): 0.0002
Directional Movement: 22.350363
AROON (14): 42.857143
DEMA (21): 0.020346
Parabolic SAR (0,02-0,02-0,2): 0.018554
Elder Ray (13): 0.001705
Super Trend (3,10): 0.019853
Zig ZAG (10): 0.021600
VORTEX (21): 1.0679
Stochastique (14,3,5): 83.97
TEMA (21): 0.020990
Williams %R (14): -24.89
Chande Momentum Oscillator (20): 0.001840
Repulse (5,40,3): -0.1303
ROCnROLL: 1
TRIX (15,9): -0.0789
Courbe Coppock: 8.67
MA7: 0.023881
MA20: 0.018293
MA50: 0.010971
MA100: 0.006515
MAexp7: 0.020894
MAexp20: 0.020295
MAexp50: 0.020629
MAexp100: 0.021552
Price / MA7: -8.67%
Price / MA20: +19.23%
Price / MA50: +98.80%
Price / MA100: +234.77%
Price / MAexp7: +4.38%
Price / MAexp20: +7.46%
Price / MAexp50: +5.72%
Price / MAexp100: +1.20%

Quotes : 2020-08-01 12:22:45 - Real time data - Cryptocompare

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

About author

Online

Overall rating :
11581
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis ELROND - ERD/USDT - 15 min.