AVALANCHE - AVAX/BTC

- BTC (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	AVAXBTC
ISIN:

AVALANCHE - AVAX/BTC - Daily - Technical analysis published on 11/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 0.000593 BTC

My targets

0.000923 BTC (+43.10%)

0.001704 BTC (+164.19%)

My analysis

AVALANCHE - AVAX/BTC 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 0.000593 BTC. The next resistance located at 0.000923 BTC 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 0.001704 BTC. After this resistance, buyers could then target 0.002180 BTC. 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.

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

8.6

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

Additional analysis

Quotes

The AVALANCHE - AVAX/BTC rating is 0.000645 BTC. On the day, this instrument gained +7.50% with the lowest point at 0.000600 BTC and the highest point at 0.000675 BTC. The deviation from the price is +7.50% for the low point and -4.44% for the high point.

0.000600

0.000675

0.000645

Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/BTC:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on AVALANCHE - AVAX/BTC were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in Daily of this AVALANCHE - AVAX/BTC chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000490	0.000545	0.000593	0.000645	0.000923	0.001704	0.002180
Change (%)	-24.03%	-15.50%	-8.06%	-	+43.10%	+164.19%	+237.98%
Change	-0.000155	-0.000100	-0.000052	-	+0.000278	+0.001059	+0.001535
Level	Intermediate	Intermediate	Major	-	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
Standard	0.000435	0.000487	0.000543	0.000595	0.000651	0.000703	0.000759
Camarilla	0.000570	0.000580	0.000590	0.000600	0.000610	0.000620	0.000630
Woodie	0.000438	0.000488	0.000546	0.000596	0.000654	0.000704	0.000762
Fibonacci	0.000487	0.000528	0.000553	0.000595	0.000636	0.000661	0.000703

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000240	0.000285	0.000369	0.000414	0.000498	0.000543	0.000627
Camarilla	0.000418	0.000429	0.000441	0.000453	0.000465	0.000477	0.000489
Woodie	0.000260	0.000295	0.000389	0.000424	0.000518	0.000553	0.000647
Fibonacci	0.000285	0.000334	0.000365	0.000414	0.000463	0.000494	0.000543

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000149	0.000224	0.000275	0.000350	0.000401	0.000476	0.000527
Camarilla	0.000292	0.000304	0.000316	0.000327	0.000339	0.000350	0.000362
Woodie	0.000138	0.000218	0.000264	0.000344	0.000390	0.000470	0.000516
Fibonacci	0.000224	0.000272	0.000302	0.000350	0.000398	0.000428	0.000476

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):	80.05
MACD (12,26,9):	0.0001
Directional Movement:	39.173192
AROON (14):	57.142857
DEMA (21):	0.000514
Parabolic SAR (0,02-0,02-0,2):	0.000411
Elder Ray (13):	0.000157
Super Trend (3,10):	0.000470
Zig ZAG (10):	0.000651
VORTEX (21):	1.3208
Stochastique (14,3,5):	89.51
TEMA (21):	0.000566
Williams %R (14):	-6.96
Chande Momentum Oscillator (20):	0.000297
Repulse (5,40,3):	21.8032
ROCnROLL:	1
TRIX (15,9):	1.3990
Courbe Coppock:	106.48

MA7:	0.000526
MA20:	0.000413
MA50:	0.000367
MA100:	0.000372
MAexp7:	0.000537
MAexp20:	0.000445
MAexp50:	0.000393
MAexp100:	0.000392
Price / MA7:	+22.62%
Price / MA20:	+56.17%
Price / MA50:	+75.75%
Price / MA100:	+73.39%
Price / MAexp7:	+20.11%
Price / MAexp20:	+44.94%
Price / MAexp50:	+64.12%
Price / MAexp100:	+64.54%

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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