ELASTOS - ELA/USDT - 1H - Technical analysis published on 07/08/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.04 USDT
My targets
4.37 USDT (+4.55%)
4.48 USDT (+7.18%)
My analysis
The basic trend is currently slightly bullish on Elastos - ELA/USDT and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 4.04 USDT, purchases could be favourable. The first bullish objective would be the resistance located at 4.37 USDT. Then the price could move towards 4.48 USDT. Then 5.03 USDT by extension. A return under the support to 4.04 USDT could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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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 4.18 USDT. The price registered a decrease of -1.88% on the session with the lowest point at 4.03 USDT and the highest point at 4.26 USDT. The deviation from the price is +3.72% for the low point and -1.88% for the high point.4.03
4.26
4.18
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 Elastos - ELA/USDT in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
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 | 3.08 | 3.81 | 4.04 | 4.18 | 4.37 | 4.48 | 5.03 |
| Change (%) | -26.32% | -8.85% | -3.35% | - | +4.55% | +7.18% | +20.33% |
| Change | -1.10 | -0.37 | -0.14 | - | +0.19 | +0.30 | +0.85 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
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 | 3.87 | 3.95 | 4.10 | 4.19 | 4.34 | 4.42 | 4.57 |
| Camarilla | 4.19 | 4.21 | 4.23 | 4.26 | 4.28 | 4.30 | 4.32 |
| Woodie | 3.91 | 3.97 | 4.14 | 4.20 | 4.37 | 4.44 | 4.60 |
| Fibonacci | 3.95 | 4.04 | 4.10 | 4.19 | 4.27 | 4.33 | 4.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.36 | 3.16 | 3.59 | 4.40 | 4.83 | 5.63 | 6.07 |
| Camarilla | 3.69 | 3.80 | 3.92 | 4.03 | 4.14 | 4.26 | 4.37 |
| Woodie | 2.17 | 3.07 | 3.41 | 4.30 | 4.65 | 5.54 | 5.89 |
| Fibonacci | 3.16 | 3.63 | 3.92 | 4.40 | 4.87 | 5.16 | 5.63 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.00 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.42 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 4.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.03 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 4.22 | |
| Zig ZAG (10): | 4.18 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 73.18 | |
| TEMA (21): | 4.12 | |
| Williams %R (14): | -3.21 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 1.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.03 |
| MA7: | 4.22 | |
| MA20: | 4.25 | |
| MA50: | 3.83 | |
| MA100: | 3.71 | |
| MAexp7: | 4.14 | |
| MAexp20: | 4.13 | |
| MAexp50: | 4.13 | |
| MAexp100: | 4.16 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | +9.14% | |
| Price / MA100: | +12.67% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | +1.21% | |
| Price / MAexp100: | +0.48% |
This member declared not having a position on this financial instrument or a related financial instrument.
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