AELF - ELF/USD - 1H - Technical analysis published on 04/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.580325 USD
My targets
0.551285 USD (-1.33%)
0.511423 USD (-8.47%)
My analysis
The strong short-term decline in AELF - ELF/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 0.580325 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 0.551285 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.511423 USD as an objective. Crossing it would then enable sellers to target 0.495248 USD. Be careful, a return to above 0.580325 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AELF - ELF/USD rating 0.558720 USD. The price is lower by -0.09% since the last closing with the lowest point at 0.555230 USD and the highest point at 0.577991 USD. The deviation from the price is +0.63% for the low point and -3.33% for the high point.0.555230
0.577991
0.558720
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of AELF - ELF/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.495248 | 0.511423 | 0.551285 | 0.558720 | 0.580325 | 0.602327 | 0.644141 |
| Change (%) | -11.36% | -8.47% | -1.33% | - | +3.87% | +7.80% | +15.29% |
| Change | -0.063472 | -0.047297 | -0.007435 | - | +0.021605 | +0.043607 | +0.085421 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Major |
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 | 0.482832 | 0.510173 | 0.534702 | 0.562043 | 0.586572 | 0.613913 | 0.638442 |
| Camarilla | 0.544966 | 0.549721 | 0.554475 | 0.559230 | 0.563985 | 0.568740 | 0.573494 |
| Woodie | 0.481425 | 0.509470 | 0.533295 | 0.561340 | 0.585165 | 0.613210 | 0.637035 |
| Fibonacci | 0.510173 | 0.529988 | 0.542229 | 0.562043 | 0.581858 | 0.594099 | 0.613913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.229254 | 0.362069 | 0.440514 | 0.573329 | 0.651774 | 0.784589 | 0.863034 |
| Camarilla | 0.460864 | 0.480229 | 0.499595 | 0.518960 | 0.538326 | 0.557691 | 0.577057 |
| Woodie | 0.202070 | 0.348477 | 0.413330 | 0.559737 | 0.624590 | 0.770997 | 0.835850 |
| Fibonacci | 0.362069 | 0.442770 | 0.492627 | 0.573329 | 0.654030 | 0.703887 | 0.784589 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.334892 | 0.441136 | 0.541131 | 0.647375 | 0.747370 | 0.853614 | 0.953609 |
| Camarilla | 0.584410 | 0.603316 | 0.622221 | 0.641126 | 0.660031 | 0.678937 | 0.697842 |
| Woodie | 0.331768 | 0.439574 | 0.538007 | 0.645813 | 0.744246 | 0.852052 | 0.950485 |
| Fibonacci | 0.441136 | 0.519919 | 0.568592 | 0.647375 | 0.726158 | 0.774831 | 0.853614 |
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): | 62.65 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 7.017181 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.564642 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.577991 | |
| Elder Ray (13): | 0.003947 | |
| Super Trend (3,10): | 0.577316 | |
| Zig ZAG (10): | 0.560080 | |
| VORTEX (21): | 1.0064 | |
| Stochastique (14,3,5): | 10.98 | |
| TEMA (21): | 0.560024 | |
| Williams %R (14): | -83.88 | |
| Chande Momentum Oscillator (20): | -0.005870 | |
| Repulse (5,40,3): | -8.7933 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0209 | |
| Courbe Coppock: | 2.75 |
| MA7: | 0.562213 | |
| MA20: | 0.589291 | |
| MA50: | 0.627834 | |
| MA100: | 0.613250 | |
| MAexp7: | 0.560453 | |
| MAexp20: | 0.562542 | |
| MAexp50: | 0.561290 | |
| MAexp100: | 0.561743 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | -5.19% | |
| Price / MA50: | -11.01% | |
| Price / MA100: | -8.89% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.68% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -0.54% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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