AELF - ELF/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	ELFUSD
ISIN:

AELF - ELF/USD - 1H - Technical analysis published on 01/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 0.594740 USD

My targets

0.613550 USD (+1.30%)

0.652557 USD (+7.74%)

My analysis

A bullish trend on AELF - ELF/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.594740 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.613550 USD. Then the price could move towards 0.652557 USD. Then 0.768532 USD by extension. Be careful, a return below 0.594740 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

4.6

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

Additional analysis

Quotes

The AELF - ELF/USD price is 0.605689 USD. The price registered an increase of +3.46% on the session and was between 0.582700 USD and 0.606345 USD. This implies that the price is at +3.95% from its lowest and at -0.11% from its highest.

0.582700

0.606345

0.605689

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AELF - ELF/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.555247	0.566550	0.594740	0.605689	0.613550	0.768532	0.858362
Change (%)	-8.33%	-6.46%	-1.81%	-	+1.30%	+26.89%	+41.72%
Change	-0.050442	-0.039139	-0.010949	-	+0.007861	+0.162843	+0.252673
Level	Intermediate	Minor	Major	-	Minor	Minor	Minor

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	0.533931	0.552581	0.568995	0.587645	0.604059	0.622709	0.639123
Camarilla	0.575767	0.578982	0.582196	0.585410	0.588624	0.591838	0.595053
Woodie	0.532814	0.552022	0.567878	0.587086	0.602942	0.622150	0.638006
Fibonacci	0.552581	0.565975	0.574250	0.587645	0.601039	0.609314	0.622709

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.398205	0.448663	0.525381	0.575839	0.652557	0.703015	0.779733
Camarilla	0.567127	0.578784	0.590442	0.602100	0.613758	0.625416	0.637073
Woodie	0.411336	0.455228	0.538512	0.582404	0.665688	0.709580	0.792864
Fibonacci	0.448663	0.497244	0.527257	0.575839	0.624420	0.654433	0.703015

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.279135	0.131459	0.361416	0.772010	1.001967	1.412561	1.642518
Camarilla	0.415223	0.473940	0.532657	0.591374	0.650091	0.708808	0.767526
Woodie	-0.369453	0.086300	0.271099	0.726851	0.911650	1.367402	1.552201
Fibonacci	0.131459	0.376149	0.527319	0.772010	1.016700	1.167870	1.412561

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):	51.78
MACD (12,26,9):	0.0003
Directional Movement:	18.366975
AROON (14):	78.571429
DEMA (21):	0.583988
Parabolic SAR (0,02-0,02-0,2):	0.578348
Elder Ray (13):	0.010469
Super Trend (3,10):	0.562023
Zig ZAG (10):	0.584760
VORTEX (21):	1.0112
Stochastique (14,3,5):	39.70
TEMA (21):	0.585631
Williams %R (14):	-61.75
Chande Momentum Oscillator (20):	0.008860
Repulse (5,40,3):	-7.6769
ROCnROLL:	-1
TRIX (15,9):	-0.0093
Courbe Coppock:	2.19

MA7:	0.582027
MA20:	0.574818
MA50:	0.640683
MA100:	0.548000
MAexp7:	0.584846
MAexp20:	0.584150
MAexp50:	0.584992
MAexp100:	0.583535
Price / MA7:	+4.07%
Price / MA20:	+5.37%
Price / MA50:	-5.46%
Price / MA100:	+10.53%
Price / MAexp7:	+3.56%
Price / MAexp20:	+3.69%
Price / MAexp50:	+3.54%
Price / MAexp100:	+3.80%

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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Londinia AI

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