AAVE - AAVE/USD - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 112.09 USD
My targets
115.50 USD (+0.98%)
121.76 USD (+6.45%)
My analysis
AAVE - AAVE/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 112.09 USD. The next resistance located at 115.50 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 121.76 USD. After this resistance, buyers could then target 130.85 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 114.38 USD. On the day, this instrument gained +2.61% and was traded between 110.83 USD and 114.45 USD over the period. The price is currently at +3.20% from its lowest and -0.06% from its highest.110.83
114.45
114.38
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AAVE - AAVE/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
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 | 104.34 | 109.52 | 112.09 | 114.38 | 115.50 | 130.85 | 142.73 |
| Change (%) | -8.78% | -4.25% | -2.00% | - | +0.98% | +14.40% | +24.79% |
| Change | -10.04 | -4.86 | -2.29 | - | +1.12 | +16.47 | +28.35 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.56 | 107.49 | 109.48 | 111.41 | 113.40 | 115.33 | 117.32 |
| Camarilla | 110.39 | 110.75 | 111.11 | 111.47 | 111.83 | 112.19 | 112.55 |
| Woodie | 105.59 | 107.51 | 109.51 | 111.43 | 113.43 | 115.35 | 117.35 |
| Fibonacci | 107.49 | 108.99 | 109.91 | 111.41 | 112.91 | 113.83 | 115.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.46 | 79.23 | 95.11 | 105.88 | 121.76 | 132.53 | 148.41 |
| Camarilla | 103.66 | 106.10 | 108.55 | 110.99 | 113.43 | 115.88 | 118.32 |
| Woodie | 71.02 | 80.51 | 97.67 | 107.16 | 124.32 | 133.81 | 150.97 |
| Fibonacci | 79.23 | 89.41 | 95.70 | 105.88 | 116.06 | 122.35 | 132.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.12 | 56.32 | 81.87 | 97.07 | 122.62 | 137.82 | 163.37 |
| Camarilla | 96.21 | 99.95 | 103.69 | 107.42 | 111.16 | 114.89 | 118.63 |
| Woodie | 46.30 | 58.91 | 87.05 | 99.66 | 127.80 | 140.41 | 168.55 |
| Fibonacci | 56.32 | 71.89 | 81.50 | 97.07 | 112.64 | 122.25 | 137.82 |
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): | 61.69 | |
| MACD (12,26,9): | 0.4200 | |
| Directional Movement: | 19.63 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 112.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.85 | |
| Elder Ray (13): | 1.37 | |
| Super Trend (3,10): | 114.47 | |
| Zig ZAG (10): | 113.88 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 91.39 | |
| TEMA (21): | 112.78 | |
| Williams %R (14): | -15.27 | |
| Chande Momentum Oscillator (20): | 2.47 | |
| Repulse (5,40,3): | 1.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.07 |
| MA7: | 108.67 | |
| MA20: | 103.68 | |
| MA50: | 97.99 | |
| MA100: | 95.52 | |
| MAexp7: | 112.67 | |
| MAexp20: | 111.92 | |
| MAexp50: | 111.38 | |
| MAexp100: | 109.57 | |
| Price / MA7: | +5.25% | |
| Price / MA20: | +10.32% | |
| Price / MA50: | +16.73% | |
| Price / MA100: | +19.74% | |
| Price / MAexp7: | +1.52% | |
| Price / MAexp20: | +2.20% | |
| Price / MAexp50: | +2.69% | |
| Price / MAexp100: | +4.39% |
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.
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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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