AVALANCHE - AVAX/USD - 1H - Technical analysis published on 12/08/2023 (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
89%
6%
6%
My opinion
Bullish above 27.90 USD
My targets
32.82 USD (+15.52%)
39.13 USD (+37.73%)
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 27.90 USD. The buyers' bullish objective is set at 32.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.13 USD. If there is any crossing, the next objective would be the resistance located at 59.79 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
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
The AVALANCHE - AVAX/USD rating is 28.41 USD. The price registered an increase of +8.11% on the session and was between 26.07 USD and 28.54 USD. This implies that the price is at +8.98% from its lowest and at -0.46% from its highest.26.07
28.54
28.41
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of this 1H chart of AVALANCHE - AVAX/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 25.92 | 26.97 | 27.90 | 28.41 | 39.13 | 59.79 | 98.08 |
| Change (%) | -8.76% | -5.07% | -1.80% | - | +37.73% | +110.45% | +245.23% |
| Change | -2.49 | -1.44 | -0.51 | - | +10.72 | +31.38 | +69.67 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 23.25 | 24.51 | 25.39 | 26.65 | 27.53 | 28.79 | 29.67 |
| Camarilla | 25.69 | 25.89 | 26.08 | 26.28 | 26.48 | 26.67 | 26.87 |
| Woodie | 23.07 | 24.42 | 25.21 | 26.56 | 27.35 | 28.70 | 29.49 |
| Fibonacci | 24.51 | 25.32 | 25.83 | 26.65 | 27.46 | 27.97 | 28.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.21 | 18.37 | 20.32 | 21.48 | 23.43 | 24.59 | 26.54 |
| Camarilla | 21.42 | 21.70 | 21.99 | 22.27 | 22.56 | 22.84 | 23.13 |
| Woodie | 17.61 | 18.57 | 20.72 | 21.68 | 23.83 | 24.79 | 26.94 |
| Fibonacci | 18.37 | 19.56 | 20.29 | 21.48 | 22.67 | 23.40 | 24.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.56 | 5.16 | 13.27 | 18.99 | 27.10 | 32.82 | 40.93 |
| Camarilla | 17.58 | 18.85 | 20.11 | 21.38 | 22.65 | 23.92 | 25.18 |
| Woodie | 0.64 | 5.76 | 14.47 | 19.59 | 28.30 | 33.42 | 42.13 |
| Fibonacci | 5.16 | 10.44 | 13.71 | 18.99 | 24.27 | 27.54 | 32.82 |
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): | 62.66 | |
| MACD (12,26,9): | 0.3900 | |
| Directional Movement: | 21.52 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 27.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.04 | |
| Elder Ray (13): | 0.52 | |
| Super Trend (3,10): | 26.53 | |
| Zig ZAG (10): | 28.09 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 78.68 | |
| TEMA (21): | 28.08 | |
| Williams %R (14): | -8.62 | |
| Chande Momentum Oscillator (20): | 1.22 | |
| Repulse (5,40,3): | 2.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 9.07 |
| MA7: | 24.62 | |
| MA20: | 22.25 | |
| MA50: | 17.10 | |
| MA100: | 13.27 | |
| MAexp7: | 27.92 | |
| MAexp20: | 27.37 | |
| MAexp50: | 26.72 | |
| MAexp100: | 25.68 | |
| Price / MA7: | +15.39% | |
| Price / MA20: | +27.69% | |
| Price / MA50: | +66.14% | |
| Price / MA100: | +114.09% | |
| Price / MAexp7: | +1.76% | |
| Price / MAexp20: | +3.80% | |
| Price / MAexp50: | +6.32% | |
| Price / MAexp100: | +10.63% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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