AAVE - AAVE/USD - 1H - Technical analysis published on 11/29/2024 (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:
Neutral
Underlying:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 195.17 USD
My targets
202.51 USD (+1.32%)
211.17 USD (+5.65%)
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 195.17 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 195.17 USD. The next bullish objective for buyers is set at 202.51 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 211.17 USD. If there is any crossing, the next objective would be the resistance located at 244.72 USD. PS: if there is a bearish break in the support located at 195.17 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 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
4.1
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AAVE - AAVE/USD price is 199.87 USD. On the day, this instrument lost -0.17% with the lowest point at 194.79 USD and the highest point at 202.33 USD. The deviation from the price is +2.61% for the low point and -1.22% for the high point.194.79
202.33
199.87
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of AAVE - AAVE/USD in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 172.01 | 184.05 | 195.17 | 199.87 | 211.17 | 244.72 |
| Change (%) | -13.94% | -7.92% | -2.35% | - | +5.65% | +22.44% |
| Change | -27.86 | -15.82 | -4.70 | - | +11.30 | +44.85 |
| Level | Intermediate | Intermediate | 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 | 181.77 | 189.89 | 195.04 | 203.16 | 208.31 | 216.43 | 221.58 |
| Camarilla | 196.55 | 197.77 | 198.98 | 200.20 | 201.42 | 202.63 | 203.85 |
| Woodie | 180.30 | 189.15 | 193.57 | 202.42 | 206.84 | 215.69 | 220.11 |
| Fibonacci | 189.89 | 194.96 | 198.09 | 203.16 | 208.23 | 211.36 | 216.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.30 | 138.19 | 156.46 | 170.35 | 188.62 | 202.51 | 220.78 |
| Camarilla | 165.89 | 168.83 | 171.78 | 174.73 | 177.68 | 180.63 | 183.57 |
| Woodie | 126.49 | 139.29 | 158.65 | 171.45 | 190.81 | 203.61 | 222.97 |
| Fibonacci | 138.19 | 150.48 | 158.07 | 170.35 | 182.64 | 190.23 | 202.51 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.99 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | -4.02 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 198.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 202.22 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 203.39 | |
| Zig ZAG (10): | 199.17 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 53.93 | |
| TEMA (21): | 198.51 | |
| Williams %R (14): | -38.86 | |
| Chande Momentum Oscillator (20): | 1.82 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.76 |
| MA7: | 188.40 | |
| MA20: | 177.09 | |
| MA50: | 162.88 | |
| MA100: | 152.96 | |
| MAexp7: | 199.12 | |
| MAexp20: | 199.40 | |
| MAexp50: | 198.60 | |
| MAexp100: | 193.71 | |
| Price / MA7: | +6.09% | |
| Price / MA20: | +12.86% | |
| Price / MA50: | +22.71% | |
| Price / MA100: | +30.67% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +3.18% |
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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