AAVE - AAVE/BTC

- BTC (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	AAVEBTC
ISIN:

AAVE - AAVE/BTC - Daily - Technical analysis published on 02/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

61%

39%

My opinion

Bearish under 0.004745 BTC

My targets

0.003883 BTC (-8.25%)

My analysis

The bearish basic trend is very strong on AAVE - AAVE/BTC but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.004745 BTC. Crossing the first support at 0.003883 BTC would be a sign of a further potential price plummet. Caution, a return to above the resistance located at 0.004745 BTC would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.7

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/BTC rating is 0.004232 BTC. On the day, this instrument lost -0.09% and was between 0.004230 BTC and 0.004247 BTC. This implies that the price is at +0.05% from its lowest and at -0.35% from its highest.

0.004230

0.004247

0.004232

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:

Technical

A technical analysis in Daily of this AAVE - AAVE/BTC chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.003883	0.004232	0.004745	0.005616	0.007450
Change (%)	-8.25%	-	+12.12%	+32.70%	+76.04%
Change	-0.000349	-	+0.000513	+0.001384	+0.003218
Level	Intermediate	-	Intermediate	Intermediate	Minor

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	0.003920	0.003999	0.004117	0.004196	0.004314	0.004393	0.004511
Camarilla	0.004182	0.004200	0.004218	0.004236	0.004254	0.004272	0.004290
Woodie	0.003941	0.004009	0.004138	0.004206	0.004335	0.004403	0.004532
Fibonacci	0.003999	0.004074	0.004120	0.004196	0.004271	0.004317	0.004393

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.003341	0.003594	0.003806	0.004059	0.004271	0.004524	0.004736
Camarilla	0.003889	0.003932	0.003974	0.004017	0.004060	0.004102	0.004145
Woodie	0.003320	0.003584	0.003785	0.004049	0.004250	0.004514	0.004715
Fibonacci	0.003594	0.003772	0.003882	0.004059	0.004237	0.004347	0.004524

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001034	0.002438	0.003267	0.004671	0.005500	0.006904	0.007733
Camarilla	0.003483	0.003688	0.003892	0.004097	0.004302	0.004506	0.004711
Woodie	0.000748	0.002294	0.002981	0.004527	0.005214	0.006760	0.007447
Fibonacci	0.002438	0.003291	0.003818	0.004671	0.005524	0.006051	0.006904

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):	46.43
MACD (12,26,9):	-0.0001
Directional Movement:	-3.155348
AROON (14):	28.571429
DEMA (21):	0.004036
Parabolic SAR (0,02-0,02-0,2):	0.003883
Elder Ray (13):	0.000060
Super Trend (3,10):	0.004809
Zig ZAG (10):	0.004233
VORTEX (21):	0.8721
Stochastique (14,3,5):	79.59
TEMA (21):	0.004003
Williams %R (14):	-16.95
Chande Momentum Oscillator (20):	0.000204
Repulse (5,40,3):	2.6280
ROCnROLL:	-1
TRIX (15,9):	-0.6823
Courbe Coppock:	2.02

MA7:	0.004133
MA20:	0.004104
MA50:	0.004785
MA100:	0.004570
MAexp7:	0.004168
MAexp20:	0.004254
MAexp50:	0.004486
MAexp100:	0.004804
Price / MA7:	+2.40%
Price / MA20:	+3.12%
Price / MA50:	-11.56%
Price / MA100:	-7.40%
Price / MAexp7:	+1.51%
Price / MAexp20:	-0.54%
Price / MAexp50:	-5.68%
Price / MAexp100:	-11.93%

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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