AVALANCHE - AVAX/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AVAXUSD
ISIN:

AVALANCHE - AVAX/USD - Weekly - Technical analysis published on 12/12/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 32.82 USD

My targets

40.93 USD (+0.96%)

59.79 USD (+47.48%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AVALANCHE - AVAX/USD as long as the price remains well above 32.82 USD. The buyers' bullish objective is set at 40.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 59.79 USD. If there is any crossing, the next objective would be the resistance located at 98.08 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.3

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 AVALANCHE - AVAX/USD price is 40.54 USD. The price is up +65.13% over 5 days and has been traded over the last 5 days between 25.76 USD and 40.81 USD. This implies that the 5 day price is +57.38% from its lowest point and -0.66% from its highest point.

25.76

40.81

40.54

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 Weekly chart of AVALANCHE - AVAX/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.73	20.94	39.13	40.54	59.79	98.08	135.29
Change (%)	-76.00%	-48.35%	-3.48%	-	+47.48%	+141.93%	+233.72%
Change	-30.81	-19.60	-1.41	-	+19.25	+57.54	+94.75
Level	Major	Intermediate	Intermediate	-	Minor	Minor	Major

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	25.95	28.91	33.46	36.42	40.97	43.93	48.48
Camarilla	35.96	36.64	37.33	38.02	38.71	39.40	40.09
Woodie	26.76	29.31	34.27	36.82	41.78	44.33	49.29
Fibonacci	28.91	31.78	33.55	36.42	39.29	41.06	43.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.09	15.41	23.64	28.96	37.19	42.51	50.74
Camarilla	28.13	29.38	30.62	31.86	33.10	34.34	35.59
Woodie	11.54	16.14	25.09	29.69	38.64	43.24	52.19
Fibonacci	15.41	20.59	23.79	28.96	34.14	37.34	42.51

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.56	5.16	13.27	18.99	27.10	32.82	40.93
Camarilla	17.58	18.85	20.11	21.38	22.65	23.92	25.18
Woodie	0.64	5.76	14.47	19.59	28.30	33.42	42.13
Fibonacci	5.16	10.44	13.71	18.99	24.27	27.54	32.82

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):	84.70
MACD (12,26,9):	4.1700
Directional Movement:	48.76
AROON (14):	78.57
DEMA (21):	22.66
Parabolic SAR (0,02-0,02-0,2):	13.60
Elder Ray (13):	14.97
Super Trend (3,10):	22.38
Zig ZAG (10):	40.58
VORTEX (21):	1.2700
Stochastique (14,3,5):	91.00
TEMA (21):	27.69
Williams %R (14):	-0.59
Chande Momentum Oscillator (20):	31.81
Repulse (5,40,3):	70.1100
ROCnROLL:	1
TRIX (15,9):	1.0000
Courbe Coppock:	294.20

MA7:	32.91
MA20:	25.56
MA50:	19.30
MA100:	14.37
MAexp7:	26.25
MAexp20:	18.65
MAexp50:	18.00
MAexp100:	21.95
Price / MA7:	+23.18%
Price / MA20:	+58.61%
Price / MA50:	+110.05%
Price / MA100:	+182.12%
Price / MAexp7:	+54.44%
Price / MAexp20:	+117.37%
Price / MAexp50:	+125.22%
Price / MAexp100:	+84.69%

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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