Londinia Opportunities Analyses - 01/26/2023 (GMT) ELASTOS - ELA/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | ELAUSDT |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.980960 USDT
My targets
1.041367 USDT (+3.11%)
1.101733 USDT (+9.08%)
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 0.980960 USDT. The next resistance located at 1.041367 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 1.101733 USDT. After this resistance, buyers could then target 1.382000 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.
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
0
10
8.8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The ELASTOS - ELA/USDT rating is 1.010000 USDT. On the day, this instrument gained +3.41% and was traded between 0.971000 USDT and 1.011000 USDT over the period. The price is currently at +4.02% from its lowest and -0.10% from its highest.0.971000
1.011000
1.010000
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of ELASTOS - ELA/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.957440 | 0.980960 | 1.009000 | 1.010000 | 1.382000 | 1.776220 | 2.839220 |
| Change (%) | -5.20% | -2.88% | -0.10% | - | +36.83% | +75.86% | +181.11% |
| Change | -0.052560 | -0.029040 | -0.001000 | - | +0.372000 | +0.766220 | +1.829220 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
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 | 0.936600 | 0.946900 | 0.961800 | 0.972100 | 0.987000 | 0.997300 | 1.012200 |
| Camarilla | 0.969770 | 0.972080 | 0.974390 | 0.976700 | 0.979010 | 0.981320 | 0.983630 |
| Woodie | 0.938900 | 0.948050 | 0.964100 | 0.973250 | 0.989300 | 0.998450 | 1.014500 |
| Fibonacci | 0.946900 | 0.956526 | 0.962474 | 0.972100 | 0.981726 | 0.987674 | 0.997300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.805033 | 0.843567 | 0.903933 | 0.942467 | 1.002833 | 1.041367 | 1.101733 |
| Camarilla | 0.937103 | 0.946168 | 0.955234 | 0.964300 | 0.973366 | 0.982432 | 0.991498 |
| Woodie | 0.815950 | 0.849025 | 0.914850 | 0.947925 | 1.013750 | 1.046825 | 1.112650 |
| Fibonacci | 0.843567 | 0.881347 | 0.904687 | 0.942467 | 0.980247 | 1.003587 | 1.041367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.417267 | 0.604933 | 0.705667 | 0.893333 | 0.994067 | 1.181733 | 1.282467 |
| Camarilla | 0.727090 | 0.753527 | 0.779963 | 0.806400 | 0.832837 | 0.859273 | 0.885710 |
| Woodie | 0.373800 | 0.583200 | 0.662200 | 0.871600 | 0.950600 | 1.160000 | 1.239000 |
| Fibonacci | 0.604933 | 0.715102 | 0.783165 | 0.893333 | 1.003502 | 1.071565 | 1.181733 |
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): | 69.04 | |
| MACD (12,26,9): | 0.0066 | |
| Directional Movement: | 27.487936 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 1.002608 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.993899 | |
| Elder Ray (13): | 0.005936 | |
| Super Trend (3,10): | 0.988291 | |
| Zig ZAG (10): | 1.002000 | |
| VORTEX (21): | 1.2544 | |
| Stochastique (14,3,5): | 80.87 | |
| TEMA (21): | 1.005436 | |
| Williams %R (14): | -45.87 | |
| Chande Momentum Oscillator (20): | 0.003800 | |
| Repulse (5,40,3): | 0.2637 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0988 | |
| Courbe Coppock: | 2.75 |
| MA7: | 0.973543 | |
| MA20: | 0.907685 | |
| MA50: | 0.904716 | |
| MA100: | 1.065118 | |
| MAexp7: | 0.999896 | |
| MAexp20: | 0.994098 | |
| MAexp50: | 0.985759 | |
| MAexp100: | 0.976925 | |
| Price / MA7: | +3.74% | |
| Price / MA20: | +11.27% | |
| Price / MA50: | +11.64% | |
| Price / MA100: | -5.17% | |
| Price / MAexp7: | +1.01% | |
| Price / MAexp20: | +1.60% | |
| Price / MAexp50: | +2.46% | |
| Price / MAexp100: | +3.39% |
Quotes :
-
Real time data
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Cryptocompare