AVALANCHE - AVAX/USD - 1H - Technical analysis published on 12/11/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 28.96 USD
My targets
37.19 USD (+1.35%)
39.13 USD (+6.65%)
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 28.96 USD. The buyers' bullish objective is set at 37.19 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. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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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 36.69 USD. The price is lower by -1.19% since the last closing and was traded between 31.86 USD and 37.49 USD over the period. The price is currently at +15.16% from its lowest and -2.13% from its highest.31.86
37.49
36.69
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on AVALANCHE - AVAX/USD 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 1H of this AVALANCHE - AVAX/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.87 | 26.07 | 27.90 | 36.69 | 39.13 | 59.79 | 98.08 |
| Change (%) | -37.67% | -28.95% | -23.96% | - | +6.65% | +62.96% | +167.32% |
| Change | -13.82 | -10.62 | -8.79 | - | +2.44 | +23.10 | +61.39 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.77 | 29.18 | 33.15 | 35.56 | 39.53 | 41.94 | 45.91 |
| Camarilla | 35.38 | 35.96 | 36.55 | 37.13 | 37.72 | 38.30 | 38.89 |
| Woodie | 27.56 | 29.57 | 33.94 | 35.95 | 40.32 | 42.33 | 46.70 |
| Fibonacci | 29.18 | 31.61 | 33.12 | 35.56 | 37.99 | 39.50 | 41.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.09 | 15.41 | 23.64 | 28.96 | 37.19 | 42.51 | 50.74 |
| Camarilla | 28.13 | 29.38 | 30.62 | 31.86 | 33.10 | 34.34 | 35.59 |
| Woodie | 11.54 | 16.14 | 25.09 | 29.69 | 38.64 | 43.24 | 52.19 |
| Fibonacci | 15.41 | 20.59 | 23.79 | 28.96 | 34.14 | 37.34 | 42.51 |
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): | 54.15 | |
| MACD (12,26,9): | 0.3700 | |
| Directional Movement: | -8.92 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 36.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.59 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 34.41 | |
| Zig ZAG (10): | 35.67 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 55.62 | |
| TEMA (21): | 35.80 | |
| Williams %R (14): | -54.02 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | 2.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 2.51 |
| MA7: | 30.39 | |
| MA20: | 24.46 | |
| MA50: | 18.66 | |
| MA100: | 14.04 | |
| MAexp7: | 35.81 | |
| MAexp20: | 35.56 | |
| MAexp50: | 34.31 | |
| MAexp100: | 32.17 | |
| Price / MA7: | +20.73% | |
| Price / MA20: | +50.00% | |
| Price / MA50: | +96.62% | |
| Price / MA100: | +161.32% | |
| Price / MAexp7: | +2.46% | |
| Price / MAexp20: | +3.18% | |
| Price / MAexp50: | +6.94% | |
| Price / MAexp100: | +14.05% |
Quotes :
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Real time data
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