ELROND - ERD/USDT - Daily - Technical analysis published on 08/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
ELROND - ERD/USDT Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 0.020400 USDT
My targets
0.026030 USDT (+15.13%)
0.027800 USDT (+22.95%)
My analysis
ELROND - ERD/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.020400 USDT. The next resistance located at 0.026030 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.027800 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Voltron.
Additional analysis
Quotes
ELROND - ERD/USDT rating 0.022610 USDT. The price registered an increase of +0.80% on the session with the lowest point at 0.021130 USDT and the highest point at 0.023630 USDT. The deviation from the price is +7.00% for the low point and -4.32% for the high point.0.021130
0.023630
0.022610
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:
Technical
Technical analysis of ELROND - ERD/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.012630 | 0.016800 | 0.020400 | 0.022610 | 0.027800 |
| Change (%) | -44.14% | -25.70% | -9.77% | - | +22.95% |
| Change | -0.009980 | -0.005810 | -0.002210 | - | +0.005190 |
| Level | Major | Intermediate | Intermediate | - | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019303 | 0.020557 | 0.021493 | 0.022747 | 0.023683 | 0.024937 | 0.025873 |
| Camarilla | 0.021828 | 0.022029 | 0.022229 | 0.022430 | 0.022631 | 0.022832 | 0.023032 |
| Woodie | 0.019145 | 0.020478 | 0.021335 | 0.022668 | 0.023525 | 0.024858 | 0.025715 |
| Fibonacci | 0.020557 | 0.021393 | 0.021910 | 0.022747 | 0.023583 | 0.024100 | 0.024937 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.013630 | 0.016160 | 0.019830 | 0.022360 | 0.026030 | 0.028560 | 0.032230 |
| Camarilla | 0.021795 | 0.022363 | 0.022932 | 0.023500 | 0.024068 | 0.024637 | 0.025205 |
| Woodie | 0.014200 | 0.016445 | 0.020400 | 0.022645 | 0.026600 | 0.028845 | 0.032800 |
| Fibonacci | 0.016160 | 0.018528 | 0.019992 | 0.022360 | 0.024728 | 0.026192 | 0.028560 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.015893 | -0.005147 | 0.007967 | 0.018713 | 0.031827 | 0.042573 | 0.055687 |
| Camarilla | 0.014519 | 0.016706 | 0.018893 | 0.021080 | 0.023267 | 0.025454 | 0.027642 |
| Woodie | -0.014710 | -0.004555 | 0.009150 | 0.019305 | 0.033010 | 0.043165 | 0.056870 |
| Fibonacci | -0.005147 | 0.003968 | 0.009599 | 0.018713 | 0.027828 | 0.033459 | 0.042573 |
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): | 60.25 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 11.695167 | |
| AROON (14): | -35.714287 | |
| DEMA (21): | 0.024178 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.027570 | |
| Elder Ray (13): | 0.000519 | |
| Super Trend (3,10): | 0.016968 | |
| Zig ZAG (10): | 0.022660 | |
| VORTEX (21): | 1.0894 | |
| Stochastique (14,3,5): | 44.22 | |
| TEMA (21): | 0.023813 | |
| Williams %R (14): | -53.51 | |
| Chande Momentum Oscillator (20): | -0.002590 | |
| Repulse (5,40,3): | 2.7565 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 2.5951 | |
| Courbe Coppock: | 26.99 |
| MA7: | 0.022309 | |
| MA20: | 0.021592 | |
| MA50: | 0.014169 | |
| MA100: | 0.008358 | |
| MAexp7: | 0.022489 | |
| MAexp20: | 0.020716 | |
| MAexp50: | 0.015708 | |
| MAexp100: | 0.010971 | |
| Price / MA7: | +1.35% | |
| Price / MA20: | +4.71% | |
| Price / MA50: | +59.57% | |
| Price / MA100: | +170.52% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +9.14% | |
| Price / MAexp50: | +43.94% | |
| Price / MAexp100: | +106.09% |
Quotes :
2020-08-10 10:43:54
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Real time data
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