AAVE - AAVE/USD - 1H - Technical analysis published on 06/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 100.02 USD
My targets
96.33 USD (-0.98%)
91.55 USD (-5.89%)
My analysis
The bearish trend is currently very strong for AAVE - AAVE/USD. As long as the price remains below the resistance at 100.02 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 96.33 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 91.55 USD as an objective. Crossing it would then enable sellers to target 89.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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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 price is 97.28 USD. The price is lower by -0.04% since the last closing and was between 96.72 USD and 97.70 USD. This implies that the price is at +0.58% from its lowest and at -0.43% from its highest.96.72
97.70
97.28
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of this 1H chart of AAVE - AAVE/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 89.06 | 91.55 | 96.33 | 97.28 | 100.02 | 102.24 | 103.96 |
| Change (%) | -8.45% | -5.89% | -0.98% | - | +2.82% | +5.10% | +6.87% |
| Change | -8.22 | -5.73 | -0.95 | - | +2.74 | +4.96 | +6.68 |
| Level | Intermediate | Minor | Minor | - | Minor | Minor | 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 | 73.62 | 81.34 | 89.33 | 97.05 | 105.04 | 112.76 | 120.75 |
| Camarilla | 93.00 | 94.44 | 95.88 | 97.32 | 98.76 | 100.20 | 101.64 |
| Woodie | 73.76 | 81.41 | 89.47 | 97.12 | 105.18 | 112.83 | 120.89 |
| Fibonacci | 81.34 | 87.34 | 91.05 | 97.05 | 103.05 | 106.76 | 112.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.13 | 91.57 | 97.78 | 106.22 | 112.43 | 120.87 | 127.08 |
| Camarilla | 99.97 | 101.31 | 102.66 | 104.00 | 105.34 | 106.69 | 108.03 |
| Woodie | 82.03 | 91.01 | 96.68 | 105.66 | 111.33 | 120.31 | 125.98 |
| Fibonacci | 91.57 | 97.16 | 100.62 | 106.22 | 111.81 | 115.27 | 120.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.15 | 62.83 | 83.29 | 98.97 | 119.43 | 135.11 | 155.57 |
| Camarilla | 93.81 | 97.12 | 100.44 | 103.75 | 107.06 | 110.38 | 113.69 |
| Woodie | 49.54 | 64.03 | 85.68 | 100.17 | 121.82 | 136.31 | 157.96 |
| Fibonacci | 62.83 | 76.64 | 85.17 | 98.97 | 112.78 | 121.31 | 135.11 |
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): | 35.11 | |
| MACD (12,26,9): | -1.5700 | |
| Directional Movement: | -38.76 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 97.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 100.34 | |
| Elder Ray (13): | -1.65 | |
| Super Trend (3,10): | 101.63 | |
| Zig ZAG (10): | 97.00 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 51.56 | |
| TEMA (21): | 96.68 | |
| Williams %R (14): | -48.82 | |
| Chande Momentum Oscillator (20): | -7.42 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 11.19 |
| MA7: | 101.21 | |
| MA20: | 101.96 | |
| MA50: | 93.49 | |
| MA100: | 105.78 | |
| MAexp7: | 97.73 | |
| MAexp20: | 99.84 | |
| MAexp50: | 101.24 | |
| MAexp100: | 102.08 | |
| Price / MA7: | -3.88% | |
| Price / MA20: | -4.59% | |
| Price / MA50: | +4.05% | |
| Price / MA100: | -8.04% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -2.56% | |
| Price / MAexp50: | -3.91% | |
| Price / MAexp100: | -4.70% |
Quotes :
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Real time data
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Cryptocompare
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