AVALANCHE - AVAX/USD - 1H - Technical analysis published on 11/10/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.09 USD
My targets
14.86 USD (+2.06%)
15.77 USD (+8.31%)
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/USD as long as the price remains well above 14.09 USD. The buyers' bullish objective is set at 14.86 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.77 USD. If there is any crossing, the next objective would be the resistance located at 16.66 USD. 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, 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
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AVALANCHE - AVAX/USD rating 14.56 USD. The price registered an increase of +12.43% on the session and was traded between 12.90 USD and 14.86 USD over the period. The price is currently at +12.87% from its lowest and -2.02% from its highest.12.90
14.86
14.56
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this AVALANCHE - AVAX/USD chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.70 | 13.17 | 14.09 | 14.56 | 14.86 | 16.66 | 17.71 |
| Change (%) | -12.77% | -9.55% | -3.23% | - | +2.06% | +14.42% | +21.63% |
| Change | -1.86 | -1.39 | -0.47 | - | +0.30 | +2.10 | +3.15 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 10.00 | 11.00 | 11.97 | 12.97 | 13.94 | 14.94 | 15.91 |
| Camarilla | 12.41 | 12.59 | 12.77 | 12.95 | 13.13 | 13.31 | 13.49 |
| Woodie | 10.00 | 10.99 | 11.97 | 12.96 | 13.94 | 14.93 | 15.91 |
| Fibonacci | 11.00 | 11.75 | 12.21 | 12.97 | 13.72 | 14.18 | 14.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.43 | 10.12 | 11.16 | 11.85 | 12.89 | 13.58 | 14.62 |
| Camarilla | 11.73 | 11.89 | 12.05 | 12.21 | 12.37 | 12.53 | 12.69 |
| Woodie | 9.62 | 10.21 | 11.35 | 11.94 | 13.08 | 13.67 | 14.81 |
| Fibonacci | 10.12 | 10.78 | 11.19 | 11.85 | 12.51 | 12.92 | 13.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.17 | 7.41 | 9.37 | 10.61 | 12.57 | 13.81 | 15.77 |
| Camarilla | 10.45 | 10.74 | 11.04 | 11.33 | 11.62 | 11.92 | 12.21 |
| Woodie | 6.53 | 7.59 | 9.73 | 10.79 | 12.93 | 13.99 | 16.13 |
| Fibonacci | 7.41 | 8.63 | 9.39 | 10.61 | 11.83 | 12.59 | 13.81 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 72.00 | |
| MACD (12,26,9): | 0.3100 | |
| Directional Movement: | 27.58 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 14.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.92 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 13.67 | |
| Zig ZAG (10): | 14.56 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 87.32 | |
| TEMA (21): | 14.29 | |
| Williams %R (14): | -15.98 | |
| Chande Momentum Oscillator (20): | 1.40 | |
| Repulse (5,40,3): | 2.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 11.66 |
| MA7: | 13.00 | |
| MA20: | 11.77 | |
| MA50: | 10.33 | |
| MA100: | 10.45 | |
| MAexp7: | 14.17 | |
| MAexp20: | 13.70 | |
| MAexp50: | 13.38 | |
| MAexp100: | 13.12 | |
| Price / MA7: | +12.00% | |
| Price / MA20: | +23.70% | |
| Price / MA50: | +40.95% | |
| Price / MA100: | +39.33% | |
| Price / MAexp7: | +2.75% | |
| Price / MAexp20: | +6.28% | |
| Price / MAexp50: | +8.82% | |
| Price / MAexp100: | +10.98% |
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.
About author
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