Londinia Opportunities Analyses - 01/21/2022 (GMT) EGOLD (X10) - EGLD/BTC - 1H
| Type: | Cryptocurrencies |
| Ticker: | EGLDBTC |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 0.039547 BTC
My targets
0.035824 BTC (-7.21%)
0.034956 BTC (-9.46%)
My analysis
The bearish trend is currently very strong for ELROND (X10) - EGLD/BTC. As long as the price remains below the resistance at 0.039547 BTC, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.035824 BTC. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.034956 BTC as an objective. Crossing it would then enable sellers to target 0.028446 BTC. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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.
Additional analysis
Quotes
The ELROND (X10) - EGLD/BTC rating is 0.038609 BTC. The price is lower by -5.66% since the last closing and was between 0.038609 BTC and 0.041907 BTC. This implies that the price is at 0% from its lowest and at -7.87% from its highest.0.038609
0.041907
0.038609
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
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ELROND (X10) - EGLD/BTC chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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 | 0.020550 | 0.028446 | 0.035824 | 0.038609 | 0.041357 | 0.043036 | 0.045597 |
| Change (%) | -46.77% | -26.32% | -7.21% | - | +7.12% | +11.47% | +18.10% |
| Change | -0.018059 | -0.010163 | -0.002785 | - | +0.002748 | +0.004427 | +0.006988 |
| Level | Minor | Minor | Major | - | Minor | Minor | 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 | 0.037910 | 0.039361 | 0.040144 | 0.041595 | 0.042378 | 0.043829 | 0.044612 |
| Camarilla | 0.040312 | 0.040516 | 0.040721 | 0.040926 | 0.041131 | 0.041336 | 0.041540 |
| Woodie | 0.037575 | 0.039194 | 0.039809 | 0.041428 | 0.042043 | 0.043662 | 0.044277 |
| Fibonacci | 0.039361 | 0.040215 | 0.040742 | 0.041595 | 0.042449 | 0.042976 | 0.043829 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.039547 | 0.042332 | 0.044420 | 0.047205 | 0.049293 | 0.052078 | 0.054166 |
| Camarilla | 0.045169 | 0.045616 | 0.046062 | 0.046509 | 0.046956 | 0.047402 | 0.047849 |
| Woodie | 0.039200 | 0.042158 | 0.044073 | 0.047031 | 0.048946 | 0.051904 | 0.053819 |
| Fibonacci | 0.042332 | 0.044193 | 0.045343 | 0.047205 | 0.049066 | 0.050216 | 0.052078 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021069 | 0.034956 | 0.043281 | 0.057168 | 0.065493 | 0.079380 | 0.087705 |
| Camarilla | 0.045499 | 0.047535 | 0.049571 | 0.051607 | 0.053643 | 0.055679 | 0.057715 |
| Woodie | 0.018289 | 0.033566 | 0.040501 | 0.055778 | 0.062713 | 0.077990 | 0.084925 |
| Fibonacci | 0.034956 | 0.043441 | 0.048683 | 0.057168 | 0.065653 | 0.070895 | 0.079380 |
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): | 27.42 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -27.410528 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.039858 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.041409 | |
| Elder Ray (13): | -0.000963 | |
| Super Trend (3,10): | 0.040870 | |
| Zig ZAG (10): | 0.039082 | |
| VORTEX (21): | 0.8806 | |
| Stochastique (14,3,5): | 3.67 | |
| TEMA (21): | 0.039528 | |
| Williams %R (14): | -94.74 | |
| Chande Momentum Oscillator (20): | -0.002667 | |
| Repulse (5,40,3): | -3.1426 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1310 | |
| Courbe Coppock: | 7.00 |
| MA7: | 0.042878 | |
| MA20: | 0.046324 | |
| MA50: | 0.050846 | |
| MA100: | 0.051942 | |
| MAexp7: | 0.039778 | |
| MAexp20: | 0.040507 | |
| MAexp50: | 0.041206 | |
| MAexp100: | 0.042112 | |
| Price / MA7: | -9.96% | |
| Price / MA20: | -16.65% | |
| Price / MA50: | -24.07% | |
| Price / MA100: | -25.67% | |
| Price / MAexp7: | -2.94% | |
| Price / MAexp20: | -4.69% | |
| Price / MAexp50: | -6.30% | |
| Price / MAexp100: | -8.32% |
Quotes :
-
Real time data
-
Cryptocompare