EGOLD - EGLD/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	EGLDUSDT
ISIN:

EGOLD - EGLD/USDT - Daily - Technical analysis published on 03/18/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

22%

My opinion

Bullish above 139.48 USDT

My targets

167.38 USDT (+4.62%)

200.19 USDT (+25.13%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ELROND - EGLD/USDT as long as the price remains well above 139.48 USDT. The buyers' bullish objective is set at 167.38 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 200.19 USDT. If there is any crossing, the next objective would be the resistance located at 231.86 USDT.

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

Force

3.6

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ELROND - EGLD/USDT rating is 159.99 USDT. On the day, this instrument gained +1.82% and was traded between 152.45 USDT and 160.38 USDT over the period. The price is currently at +4.95% from its lowest and -0.24% from its highest.

152.45

160.38

159.99

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

Here is a more detailed summary of the historical variations registered by ELROND - EGLD/USDT:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of ELROND - EGLD/USDT indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	128.17	159.99	200.19	231.86	295.89
Change (%)	-19.89%	-	+25.13%	+44.92%	+84.94%
Change	-31.82	-	+40.20	+71.87	+135.90
Level	Intermediate	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	144.73	150.54	153.83	159.64	162.93	168.74	172.03
Camarilla	154.63	155.46	156.30	157.13	157.96	158.80	159.63
Woodie	143.48	149.91	152.58	159.01	161.68	168.11	170.78
Fibonacci	150.54	154.01	156.16	159.64	163.11	165.26	168.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	99.36	112.75	126.09	139.48	152.82	166.21	179.55
Camarilla	132.07	134.52	136.97	139.42	141.87	144.32	146.77
Woodie	99.33	112.74	126.06	139.47	152.79	166.20	179.52
Fibonacci	112.75	122.96	129.27	139.48	149.69	156.00	166.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-5.27	57.94	104.17	167.38	213.61	276.82	323.05
Camarilla	120.31	130.35	140.38	150.41	160.44	170.47	180.51
Woodie	-13.75	53.70	95.69	163.14	205.13	272.58	314.57
Fibonacci	57.94	99.74	125.57	167.38	209.18	235.01	276.82

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):	56.09
MACD (12,26,9):	-0.1400
Directional Movement:	5.70
AROON (14):	64.28
DEMA (21):	146.73
Parabolic SAR (0,02-0,02-0,2):	134.72
Elder Ray (13):	7.01
Super Trend (3,10):	170.25
Zig ZAG (10):	160.38
VORTEX (21):	1.0800
Stochastique (14,3,5):	81.70
TEMA (21):	152.36
Williams %R (14):	-19.41
Chande Momentum Oscillator (20):	27.28
Repulse (5,40,3):	6.2200
ROCnROLL:	-1
TRIX (15,9):	-0.4000
Courbe Coppock:	15.30

MA7:	150.70
MA20:	144.18
MA50:	155.20
MA100:	185.89
MAexp7:	153.12
MAexp20:	148.85
MAexp50:	159.54
MAexp100:	181.72
Price / MA7:	+6.16%
Price / MA20:	+10.97%
Price / MA50:	+3.09%
Price / MA100:	-13.93%
Price / MAexp7:	+4.49%
Price / MAexp20:	+7.48%
Price / MAexp50:	+0.28%
Price / MAexp100:	-11.96%

Quotes : - Real time data - Cryptocompare

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

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