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%
0%
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
0
10
2.7
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
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
S1
R1
R2
R3
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 :
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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.
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