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 01/12/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 36.39 USD

My targets

52.03 USD (+35.15%)

59.79 USD (+55.30%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on AVALANCHE - AVAX/USD. This is a positive signal for buyers. As long as the price remains above 36.39 USD, a purchase could be considered. The first bullish objective is located at 52.03 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 59.79 USD as an objective. Crossing it would then enable buyers to target 98.08 USD. In the event of a return below 36.39 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

6.4

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 38.50 USD. The price is up +11.27% over 5 days and has been traded over the last 5 days between 31.25 USD and 39.58 USD. This implies that the 5 day price is +23.20% from its lowest point and -2.73% from its highest point.

31.25

39.58

38.50

A study of price movements over other periods shows the following variations:

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 AVALANCHE - AVAX/USD in Weekly shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Weekly

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

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	9.73	20.94	38.50	39.13	59.79	98.08
Change (%)	-74.73%	-45.61%	-	+1.64%	+55.30%	+154.75%
Change	-28.77	-17.56	-	+0.63	+21.29	+59.58
Level	Major	Major	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.02	35.28	37.30	39.56	41.58	43.84	45.86
Camarilla	38.13	38.53	38.92	39.31	39.70	40.10	40.49
Woodie	32.89	35.22	37.17	39.50	41.45	43.78	45.73
Fibonacci	35.28	36.92	37.93	39.56	41.20	42.21	43.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.05	25.70	30.15	36.80	41.25	47.90	52.35
Camarilla	31.55	32.57	33.58	34.60	35.62	36.64	37.65
Woodie	17.95	25.15	29.05	36.25	40.15	47.35	51.25
Fibonacci	25.70	29.94	32.56	36.80	41.04	43.66	47.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-6.29	7.23	22.87	36.39	52.03	65.55	81.19
Camarilla	30.50	33.17	35.85	38.52	41.19	43.87	46.54
Woodie	-5.22	7.76	23.94	36.92	53.10	66.08	82.26
Fibonacci	7.23	18.37	25.25	36.39	47.53	54.41	65.55

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):	66.60
MACD (12,26,9):	6.8900
Directional Movement:	23.90
AROON (14):	64.28
DEMA (21):	33.41
Parabolic SAR (0,02-0,02-0,2):	27.50
Elder Ray (13):	6.76
Super Trend (3,10):	24.69
Zig ZAG (10):	38.67
VORTEX (21):	1.1800
Stochastique (14,3,5):	68.56
TEMA (21):	39.65
Williams %R (14):	-27.22
Chande Momentum Oscillator (20):	28.59
Repulse (5,40,3):	3.0400
ROCnROLL:	1
TRIX (15,9):	4.1700
Courbe Coppock:	536.48

MA7:	36.47
MA20:	39.54
MA50:	34.85
MA100:	23.99
MAexp7:	34.99
MAexp20:	25.75
MAexp50:	21.34
MAexp100:	23.40
Price / MA7:	+5.57%
Price / MA20:	-2.63%
Price / MA50:	+10.47%
Price / MA100:	+60.48%
Price / MAexp7:	+10.03%
Price / MAexp20:	+49.51%
Price / MAexp50:	+80.41%
Price / MAexp100:	+64.53%

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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