AVALANCHE - AVAX/BTC - Daily - Technical analysis published on 02/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.002013 BTC
My targets
0.001704 BTC (-7.64%)
0.001415 BTC (-23.32%)
My analysis
AVALANCHE - AVAX/BTC is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.002013 BTC, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.001704 BTC. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.001415 BTC would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.001156 BTC. Beware of a possible return to above the resistance located at 0.002013 BTC which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are in opposition with the general bearish 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
1.4
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This analysis was given by sprangs. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AVALANCHE - AVAX/BTC price is 0.001845 BTC. The price has increased by +0.44% since the last closing and was between 0.001829 BTC and 0.001877 BTC. This implies that the price is at +0.87% from its lowest and at -1.70% from its highest.0.001829
0.001877
0.001845
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 Daily chart of AVALANCHE - AVAX/BTC indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.000884 | 0.001156 | 0.001704 | 0.001845 | 0.002013 | 0.002401 |
| Change (%) | -52.09% | -37.34% | -7.64% | - | +9.11% | +30.14% |
| Change | -0.000961 | -0.000689 | -0.000141 | - | +0.000168 | +0.000556 |
| Level | Minor | Minor | Major | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001686 | 0.001758 | 0.001798 | 0.001870 | 0.001910 | 0.001982 | 0.002022 |
| Camarilla | 0.001806 | 0.001817 | 0.001827 | 0.001837 | 0.001847 | 0.001858 | 0.001868 |
| Woodie | 0.001669 | 0.001750 | 0.001781 | 0.001862 | 0.001893 | 0.001974 | 0.002005 |
| Fibonacci | 0.001758 | 0.001801 | 0.001828 | 0.001870 | 0.001913 | 0.001940 | 0.001982 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001446 | 0.001548 | 0.001716 | 0.001818 | 0.001986 | 0.002088 | 0.002256 |
| Camarilla | 0.001809 | 0.001834 | 0.001858 | 0.001883 | 0.001908 | 0.001933 | 0.001957 |
| Woodie | 0.001478 | 0.001565 | 0.001748 | 0.001835 | 0.002018 | 0.002105 | 0.002288 |
| Fibonacci | 0.001548 | 0.001652 | 0.001715 | 0.001818 | 0.001922 | 0.001985 | 0.002088 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000470 | 0.001012 | 0.001415 | 0.001957 | 0.002360 | 0.002902 | 0.003305 |
| Camarilla | 0.001557 | 0.001644 | 0.001730 | 0.001817 | 0.001904 | 0.001990 | 0.002077 |
| Woodie | 0.000400 | 0.000977 | 0.001345 | 0.001922 | 0.002290 | 0.002867 | 0.003235 |
| Fibonacci | 0.001012 | 0.001373 | 0.001596 | 0.001957 | 0.002318 | 0.002541 | 0.002902 |
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): | 45.68 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -3.295519 | |
| AROON (14): | -14.285714 | |
| DEMA (21): | 0.001790 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.001598 | |
| Elder Ray (13): | 0.000002 | |
| Super Trend (3,10): | 0.002103 | |
| Zig ZAG (10): | 0.001845 | |
| VORTEX (21): | 0.8855 | |
| Stochastique (14,3,5): | 66.38 | |
| TEMA (21): | 0.001764 | |
| Williams %R (14): | -29.98 | |
| Chande Momentum Oscillator (20): | 0.000142 | |
| Repulse (5,40,3): | -0.9645 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6405 | |
| Courbe Coppock: | 13.32 |
| MA7: | 0.001835 | |
| MA20: | 0.001877 | |
| MA50: | 0.002106 | |
| MA100: | 0.001881 | |
| MAexp7: | 0.001838 | |
| MAexp20: | 0.001887 | |
| MAexp50: | 0.001952 | |
| MAexp100: | 0.001823 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | -1.70% | |
| Price / MA50: | -12.39% | |
| Price / MA100: | -1.91% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | -2.23% | |
| Price / MAexp50: | -5.48% | |
| Price / MAexp100: | +1.21% |
Quotes :
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Real time data
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Cryptocompare
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