AAVE - AAVE/USD - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 89.96 USD
My targets
86.90 USD (-1.13%)
82.65 USD (-5.96%)
My analysis
AAVE - AAVE/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 89.96 USD. The next support located at 86.90 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 82.65 USD. Below this support, sellers could then target 80.72 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AAVE - AAVE/USD rating is 87.89 USD. On the day, this instrument lost -0.19% with the lowest point at 87.18 USD and the highest point at 89.21 USD. The deviation from the price is +0.81% for the low point and -1.48% for the high point.87.18
89.21
87.89
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of AAVE - AAVE/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 80.72 | 82.65 | 87.40 | 87.89 | 89.96 | 91.46 | 92.60 |
| Change (%) | -8.16% | -5.96% | -0.56% | - | +2.36% | +4.06% | +5.36% |
| Change | -7.17 | -5.24 | -0.49 | - | +2.07 | +3.57 | +4.71 |
| Level | Minor | Major | Intermediate | - | 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 | 80.41 | 83.30 | 85.68 | 88.57 | 90.95 | 93.84 | 96.22 |
| Camarilla | 86.61 | 87.09 | 87.58 | 88.06 | 88.54 | 89.03 | 89.51 |
| Woodie | 80.16 | 83.17 | 85.43 | 88.44 | 90.70 | 93.71 | 95.97 |
| Fibonacci | 83.30 | 85.31 | 86.56 | 88.57 | 90.58 | 91.83 | 93.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.03 | 72.27 | 80.66 | 86.90 | 95.29 | 101.53 | 109.92 |
| Camarilla | 85.03 | 86.37 | 87.71 | 89.05 | 90.39 | 91.73 | 93.07 |
| Woodie | 67.11 | 72.81 | 81.74 | 87.44 | 96.37 | 102.07 | 111.00 |
| Fibonacci | 72.27 | 77.86 | 81.31 | 86.90 | 92.49 | 95.94 | 101.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -3.34 | 34.26 | 58.78 | 96.38 | 120.90 | 158.50 | 183.02 |
| Camarilla | 66.23 | 71.92 | 77.62 | 83.31 | 89.00 | 94.70 | 100.39 |
| Woodie | -9.87 | 30.99 | 52.25 | 93.11 | 114.37 | 155.23 | 176.49 |
| Fibonacci | 34.26 | 57.99 | 72.65 | 96.38 | 120.11 | 134.77 | 158.50 |
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): | 42.90 | |
| MACD (12,26,9): | -0.3200 | |
| Directional Movement: | -7.67 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 88.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.75 | |
| Elder Ray (13): | -0.97 | |
| Super Trend (3,10): | 90.73 | |
| Zig ZAG (10): | 87.88 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 17.76 | |
| TEMA (21): | 88.15 | |
| Williams %R (14): | -80.61 | |
| Chande Momentum Oscillator (20): | -3.15 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.62 |
| MA7: | 88.11 | |
| MA20: | 89.32 | |
| MA50: | 104.61 | |
| MA100: | 104.57 | |
| MAexp7: | 88.21 | |
| MAexp20: | 88.70 | |
| MAexp50: | 88.91 | |
| MAexp100: | 88.68 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | -15.98% | |
| Price / MA100: | -15.95% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.15% | |
| Price / MAexp100: | -0.89% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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