AAVE - AAVE/USD - 1H - Technical analysis published on 02/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
72%
11%
My opinion
Bullish above 87.55 USD
My targets
89.95 USD (+1.82%)
95.04 USD (+7.58%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 87.55 USD remains possible. It is advisable to trade AAVE - AAVE/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 87.55 USD. The next bullish objective for buyers is set at 89.95 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 95.04 USD. If there is any crossing, the next objective would be the resistance located at 108.09 USD. PS: if there is a bearish break in the support located at 87.55 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0
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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 88.34 USD. On the day, this instrument lost -0.05% and was between 87.31 USD and 89.90 USD. This implies that the price is at +1.18% from its lowest and at -1.74% from its highest.87.31
89.90
88.34
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AAVE - AAVE/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 85.82 | 86.80 | 87.55 | 88.34 | 89.95 | 95.04 | 108.09 |
| Change (%) | -2.85% | -1.74% | -0.89% | - | +1.82% | +7.58% | +22.36% |
| Change | -2.52 | -1.54 | -0.79 | - | +1.61 | +6.70 | +19.75 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 83.58 | 84.89 | 86.64 | 87.95 | 89.70 | 91.01 | 92.76 |
| Camarilla | 87.54 | 87.82 | 88.10 | 88.38 | 88.66 | 88.94 | 89.22 |
| Woodie | 83.79 | 85.00 | 86.85 | 88.06 | 89.91 | 91.12 | 92.97 |
| Fibonacci | 84.89 | 86.06 | 86.78 | 87.95 | 89.12 | 89.84 | 91.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.89 | 78.21 | 83.30 | 86.62 | 91.71 | 95.03 | 100.12 |
| Camarilla | 86.07 | 86.84 | 87.61 | 88.38 | 89.15 | 89.92 | 90.69 |
| Woodie | 75.77 | 78.65 | 84.18 | 87.06 | 92.59 | 95.47 | 101.00 |
| Fibonacci | 78.21 | 81.43 | 83.41 | 86.62 | 89.84 | 91.82 | 95.03 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.62 | 60.90 | 73.37 | 96.65 | 109.12 | 132.40 | 144.87 |
| Camarilla | 76.02 | 79.30 | 82.57 | 85.85 | 89.13 | 92.40 | 95.68 |
| Woodie | 32.23 | 58.20 | 67.98 | 93.95 | 103.73 | 129.70 | 139.48 |
| Fibonacci | 60.90 | 74.55 | 82.99 | 96.65 | 110.30 | 118.74 | 132.40 |
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): | 41.92 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -12.37 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 88.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.26 | |
| Elder Ray (13): | -0.78 | |
| Super Trend (3,10): | 87.60 | |
| Zig ZAG (10): | 87.68 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 15.54 | |
| TEMA (21): | 88.27 | |
| Williams %R (14): | -80.31 | |
| Chande Momentum Oscillator (20): | -1.46 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.96 |
| MA7: | 85.98 | |
| MA20: | 87.76 | |
| MA50: | 97.21 | |
| MA100: | 97.22 | |
| MAexp7: | 88.28 | |
| MAexp20: | 88.65 | |
| MAexp50: | 88.16 | |
| MAexp100: | 87.28 | |
| Price / MA7: | +2.74% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | -9.12% | |
| Price / MA100: | -9.13% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +1.21% |
Quotes :
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Real time data
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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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