ELASTOS - ELA/USDT - 1H - Technical analysis published on 04/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 3.25 USDT
My targets
3.62 USDT (+7.10%)
3.82 USDT (+13.02%)
My analysis
ELASTOS - ELA/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 3.25 USDT. The next resistance located at 3.62 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 3.82 USDT. After this resistance, buyers could then target 4.14 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ELASTOS - ELA/USDT price is 3.38 USDT. The price registered an increase of +22.46% on the session and was traded between 2.76 USDT and 3.40 USDT over the period. The price is currently at +22.46% from its lowest and -0.59% from its highest.2.76
3.40
3.38
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ELASTOS - ELA/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.02 | 3.10 | 3.25 | 3.38 | 4.14 | 4.79 | 6.45 |
| Change (%) | -10.65% | -8.28% | -3.85% | - | +22.49% | +41.72% | +90.83% |
| Change | -0.36 | -0.28 | -0.13 | - | +0.76 | +1.41 | +3.07 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 2.45 | 2.60 | 2.68 | 2.83 | 2.91 | 3.06 | 3.14 |
| Camarilla | 2.70 | 2.72 | 2.74 | 2.76 | 2.78 | 2.80 | 2.82 |
| Woodie | 2.42 | 2.58 | 2.65 | 2.81 | 2.88 | 3.04 | 3.11 |
| Fibonacci | 2.60 | 2.69 | 2.74 | 2.83 | 2.92 | 2.97 | 3.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.45 | 2.67 | 2.84 | 3.06 | 3.23 | 3.45 | 3.62 |
| Camarilla | 2.90 | 2.94 | 2.97 | 3.01 | 3.05 | 3.08 | 3.12 |
| Woodie | 2.43 | 2.66 | 2.82 | 3.05 | 3.21 | 3.44 | 3.60 |
| Fibonacci | 2.67 | 2.82 | 2.91 | 3.06 | 3.21 | 3.30 | 3.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.74 | 2.32 | 2.78 | 3.36 | 3.82 | 4.40 | 4.86 |
| Camarilla | 2.95 | 3.05 | 3.15 | 3.24 | 3.34 | 3.43 | 3.53 |
| Woodie | 1.68 | 2.29 | 2.72 | 3.33 | 3.76 | 4.37 | 4.80 |
| Fibonacci | 2.32 | 2.72 | 2.96 | 3.36 | 3.76 | 4.00 | 4.40 |
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): | 72.95 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 30.26 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 3.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.10 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 3.04 | |
| Zig ZAG (10): | 3.35 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 89.37 | |
| TEMA (21): | 3.30 | |
| Williams %R (14): | -6.06 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | 5.6700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 25.01 |
| MA7: | 2.98 | |
| MA20: | 3.22 | |
| MA50: | 3.31 | |
| MA100: | 3.89 | |
| MAexp7: | 3.24 | |
| MAexp20: | 3.10 | |
| MAexp50: | 3.01 | |
| MAexp100: | 3.00 | |
| Price / MA7: | +13.42% | |
| Price / MA20: | +4.97% | |
| Price / MA50: | +2.11% | |
| Price / MA100: | -13.11% | |
| Price / MAexp7: | +4.32% | |
| Price / MAexp20: | +9.03% | |
| Price / MAexp50: | +12.29% | |
| Price / MAexp100: | +12.67% |
Quotes :
-
Real time data
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