EGOLD - EGLD/USDT - Daily - Technical analysis published on 04/09/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 175.86 USDT
My targets
137.37 USDT (-16.67%)
128.17 USDT (-22.25%)
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 - EGLD/USDT. As long as you are under the resistance located at 175.86 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 137.37 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 128.17 USDT as an objective. If the resistance 175.86 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
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Additional analysis
Quotes
The ELROND - EGLD/USDT rating is 164.85 USDT. On the day, this instrument gained +2.69% and was between 160.54 USDT and 167.22 USDT. This implies that the price is at +2.68% from its lowest and at -1.42% from its highest.160.54
167.22
164.85
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ELROND - EGLD/USDT:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of ELROND - EGLD/USDT in Daily shows an overall bearish trend. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 128.17 | 164.85 | 199.44 | 231.86 | 295.89 |
| Change (%) | -22.25% | - | +20.98% | +40.65% | +79.49% |
| Change | -36.68 | - | +34.59 | +67.01 | +131.04 |
| Level | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.28 | 151.55 | 156.05 | 164.32 | 168.82 | 177.09 | 181.59 |
| Camarilla | 157.03 | 158.20 | 159.37 | 160.54 | 161.71 | 162.88 | 164.05 |
| Woodie | 141.39 | 150.61 | 154.16 | 163.38 | 166.93 | 176.15 | 179.70 |
| Fibonacci | 151.55 | 156.43 | 159.45 | 164.32 | 169.20 | 172.22 | 177.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.51 | 159.82 | 175.74 | 195.05 | 210.97 | 230.28 | 246.20 |
| Camarilla | 181.97 | 185.20 | 188.43 | 191.66 | 194.89 | 198.12 | 201.35 |
| Woodie | 138.82 | 158.97 | 174.05 | 194.20 | 209.28 | 229.43 | 244.51 |
| Fibonacci | 159.82 | 173.28 | 181.59 | 195.05 | 208.51 | 216.82 | 230.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.16 | 87.65 | 137.37 | 175.86 | 225.58 | 264.07 | 313.79 |
| Camarilla | 162.82 | 170.91 | 178.99 | 187.08 | 195.17 | 203.25 | 211.34 |
| Woodie | 54.77 | 90.46 | 142.98 | 178.67 | 231.19 | 266.88 | 319.40 |
| Fibonacci | 87.65 | 121.35 | 142.17 | 175.86 | 209.56 | 230.38 | 264.07 |
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): | 45.34 | |
| MACD (12,26,9): | 1.5700 | |
| Directional Movement: | -6.78 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 181.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 197.06 | |
| Elder Ray (13): | -13.54 | |
| Super Trend (3,10): | 203.14 | |
| Zig ZAG (10): | 166.54 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 9.49 | |
| TEMA (21): | 178.15 | |
| Williams %R (14): | -87.51 | |
| Chande Momentum Oscillator (20): | -26.11 | |
| Repulse (5,40,3): | -5.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.6300 | |
| Courbe Coppock: | 10.28 |
| MA7: | 175.99 | |
| MA20: | 185.08 | |
| MA50: | 161.87 | |
| MA100: | 170.35 | |
| MAexp7: | 173.16 | |
| MAexp20: | 177.08 | |
| MAexp50: | 172.88 | |
| MAexp100: | 182.15 | |
| Price / MA7: | -6.33% | |
| Price / MA20: | -10.93% | |
| Price / MA50: | +1.84% | |
| Price / MA100: | -3.23% | |
| Price / MAexp7: | -4.80% | |
| Price / MAexp20: | -6.91% | |
| Price / MAexp50: | -4.64% | |
| Price / MAexp100: | -9.50% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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