AAVE - AAVE/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	AAVEUSD
ISIN:

AAVE - AAVE/USD - Weekly - Technical analysis published on 01/12/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

72%

22%

My opinion

Bullish above 86.65 USD

My targets

115.50 USD (+6.40%)

173.81 USD (+60.12%)

My analysis

AAVE - AAVE/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 86.65 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 115.50 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 173.81 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 244.72 USD. Beware of a possible return to under the support located at 86.65 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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

4.3

Comment on the analysis

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.

This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AAVE - AAVE/USD rating is 108.55 USD. The price is up +9.32% over 5 days with the lowest point at 88.60 USD and the highest point at 110.36 USD. The deviation from the price is +22.52% for the low point and -1.64% for the high point.

88.60

110.36

108.55

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AAVE - AAVE/USD:

Abnormal volumes on AAVE - AAVE/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Weekly chart of AAVE - AAVE/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators shows a strong bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	50.81	108.55	115.50	244.72	427.80
Change (%)	-53.19%	-	+6.40%	+125.44%	+294.10%
Change	-57.74	-	+6.95	+136.17	+319.25
Level	Major	-	Intermediate	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	93.07	99.71	104.70	111.34	116.33	122.97	127.96
Camarilla	106.49	107.56	108.62	109.69	110.76	111.82	112.89
Woodie	92.25	99.30	103.88	110.93	115.51	122.56	127.14
Fibonacci	99.71	104.15	106.90	111.34	115.78	118.53	122.97

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.64	79.82	89.56	104.74	114.48	129.66	139.40
Camarilla	92.45	94.73	97.02	99.30	101.58	103.87	106.15
Woodie	61.92	78.46	86.84	103.38	111.76	128.30	136.68
Fibonacci	79.82	89.34	95.22	104.74	114.26	120.14	129.66

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43.07	64.62	86.65	108.20	130.23	151.78	173.81
Camarilla	96.71	100.70	104.70	108.69	112.69	116.68	120.68
Woodie	43.32	64.74	86.90	108.32	130.48	151.90	174.06
Fibonacci	64.62	81.26	91.55	108.20	124.84	135.13	151.78

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):	63.12
MACD (12,26,9):	9.5000
Directional Movement:	16.92
AROON (14):	71.42
DEMA (21):	100.86
Parabolic SAR (0,02-0,02-0,2):	129.74
Elder Ray (13):	8.27
Super Trend (3,10):	61.73
Zig ZAG (10):	108.73
VORTEX (21):	1.1100
Stochastique (14,3,5):	62.98
TEMA (21):	108.58
Williams %R (14):	-30.38
Chande Momentum Oscillator (20):	29.49
Repulse (5,40,3):	-2.7900
ROCnROLL:	1
TRIX (15,9):	1.5200
Courbe Coppock:	112.93

MA7:	102.15
MA20:	106.02
MA50:	102.04
MA100:	91.80
MAexp7:	100.74
MAexp20:	89.59
MAexp50:	84.38
MAexp100:	112.17
Price / MA7:	+6.27%
Price / MA20:	+2.39%
Price / MA50:	+6.38%
Price / MA100:	+18.25%
Price / MAexp7:	+7.75%
Price / MAexp20:	+21.16%
Price / MAexp50:	+28.64%
Price / MAexp100:	-3.23%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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