AAVE - AAVE/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AAVEUSD
ISIN:

AAVE - AAVE/USD - 1H - Technical analysis published on 11/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 173.28 USD

My targets

195.46 USD (+5.64%)

244.72 USD (+32.26%)

My analysis

The bullish trend is currently very strong on AAVE - AAVE/USD. As long as the price remains above the support at 173.28 USD, you could try to benefit from the boom. The first bullish objective is located at 195.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 244.72 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AAVE - AAVE/USD rating 185.03 USD. On the day, this instrument gained +6.49% and was traded between 173.50 USD and 190.74 USD over the period. The price is currently at +6.65% from its lowest and -2.99% from its highest.

173.50

190.74

185.03

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

Here is a more detailed summary of the historical variations registered by AAVE - AAVE/USD:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of AAVE - AAVE/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	158.24	162.92	172.01	185.03	244.72
Change (%)	-14.48%	-11.95%	-7.04%	-	+32.26%
Change	-26.79	-22.11	-13.02	-	+59.69
Level	Minor	Intermediate	Major	-	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	106.84	121.26	147.51	161.93	188.18	202.60	228.85
Camarilla	162.58	166.30	170.03	173.76	177.49	181.22	184.94
Woodie	112.76	124.22	153.43	164.89	194.10	205.56	234.77
Fibonacci	121.26	136.80	146.39	161.93	177.47	187.06	202.60

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	109.56	123.28	130.80	144.52	152.04	165.76	173.28
Camarilla	132.48	134.43	136.37	138.32	140.27	142.21	144.16
Woodie	106.46	121.73	127.70	142.97	148.94	164.21	170.18
Fibonacci	123.28	131.39	136.41	144.52	152.63	157.65	165.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.90	113.52	128.42	147.04	161.94	180.56	195.46
Camarilla	134.09	137.17	140.24	143.31	146.38	149.46	152.53
Woodie	93.03	112.59	126.55	146.11	160.07	179.63	193.59
Fibonacci	113.52	126.33	134.24	147.04	159.85	167.76	180.56

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):	71.42
MACD (12,26,9):	8.2800
Directional Movement:	26.43
AROON (14):	42.85
DEMA (21):	186.65
Parabolic SAR (0,02-0,02-0,2):	190.32
Elder Ray (13):	3.70
Super Trend (3,10):	172.71
Zig ZAG (10):	183.58
VORTEX (21):	1.2400
Stochastique (14,3,5):	62.37
TEMA (21):	187.81
Williams %R (14):	-28.75
Chande Momentum Oscillator (20):	13.57
Repulse (5,40,3):	1.0100
ROCnROLL:	1
TRIX (15,9):	0.8200
Courbe Coppock:	19.62

MA7:	147.87
MA20:	149.21
MA50:	152.28
MA100:	137.24
MAexp7:	182.64
MAexp20:	175.23
MAexp50:	161.05
MAexp100:	151.41
Price / MA7:	+25.13%
Price / MA20:	+24.01%
Price / MA50:	+21.51%
Price / MA100:	+34.82%
Price / MAexp7:	+1.31%
Price / MAexp20:	+5.59%
Price / MAexp50:	+14.89%
Price / MAexp100:	+22.20%

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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Londinia AI

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