AVALANCHE - AVAX/BTC
AVALANCHE - AVAX/BTC
- BTC (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: AVAXBTC
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AVALANCHE - AVAX/BTC - 1H - Technical analysis published on 11/17/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.000627 BTC
My targets
0.000923 BTC (+42.44%)
0.001704 BTC (+162.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AVALANCHE - AVAX/BTC as long as the price remains well above 0.000627 BTC. The buyers' bullish objective is set at 0.000923 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.001704 BTC. If there is any crossing, the next objective would be the resistance located at 0.002180 BTC. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7

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 kylechasse. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AVALANCHE - AVAX/BTC price is 0.000648 BTC. The price has increased by +8.00% since the last closing and was traded between 0.000600 BTC and 0.000675 BTC over the period. The price is currently at +8.00% from its lowest and -4.00% from its highest.

0.000600
0.000675
0.000648

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of AVALANCHE - AVAX/BTC in 1H shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.000545 0.000593 0.000646 0.000648 0.000923 0.001704 0.002180
Change (%) -15.90% -8.49% -0.31% - +42.44% +162.96% +236.42%
Change -0.000103 -0.000055 -0.000002 - +0.000275 +0.001056 +0.001532
Level Intermediate Major Intermediate - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0004350.0004870.0005430.0005950.0006510.0007030.000759
Camarilla0.0005700.0005800.0005900.0006000.0006100.0006200.000630
Woodie0.0004380.0004880.0005460.0005960.0006540.0007040.000762
Fibonacci0.0004870.0005280.0005530.0005950.0006360.0006610.000703


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0002400.0002850.0003690.0004140.0004980.0005430.000627
Camarilla0.0004180.0004290.0004410.0004530.0004650.0004770.000489
Woodie0.0002600.0002950.0003890.0004240.0005180.0005530.000647
Fibonacci0.0002850.0003340.0003650.0004140.0004630.0004940.000543


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0001490.0002240.0002750.0003500.0004010.0004760.000527
Camarilla0.0002920.0003040.0003160.0003270.0003390.0003500.000362
Woodie0.0001380.0002180.0002640.0003440.0003900.0004700.000516
Fibonacci0.0002240.0002720.0003020.0003500.0003980.0004280.000476

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): 62.55
MACD (12,26,9): 0.0000
Directional Movement: 7.140798
AROON (14): 50.000000
DEMA (21): 0.000651
Parabolic SAR (0,02-0,02-0,2): 0.000607
Elder Ray (13): 0.000010
Super Trend (3,10): 0.000594
Zig ZAG (10): 0.000650
VORTEX (21): 1.0647
Stochastique (14,3,5): 71.79
TEMA (21): 0.000650
Williams %R (14): -26.37
Chande Momentum Oscillator (20): 0.000033
Repulse (5,40,3): 1.2665
ROCnROLL: 1
TRIX (15,9): 0.4056
Courbe Coppock: 6.82
MA7: 0.000526
MA20: 0.000413
MA50: 0.000367
MA100: 0.000372
MAexp7: 0.000644
MAexp20: 0.000627
MAexp50: 0.000592
MAexp100: 0.000548
Price / MA7: +23.19%
Price / MA20: +56.90%
Price / MA50: +76.57%
Price / MA100: +74.19%
Price / MAexp7: +0.62%
Price / MAexp20: +3.35%
Price / MAexp50: +9.46%
Price / MAexp100: +18.25%

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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