AVALANCHE - AVAX/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AVAXUSD
ISIN:

AVALANCHE - AVAX/USD - Weekly - Technical analysis published on 12/22/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 39.13 USD

My targets

59.79 USD (+25.66%)

76.89 USD (+61.60%)

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 39.13 USD. The buyers' bullish objective is set at 59.79 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 76.89 USD. If there is any crossing, the next objective would be the resistance located at 98.08 USD.

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

6.6

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

Additional analysis

Quotes

The AVALANCHE - AVAX/USD price is 47.58 USD. The price registered an increase of +12.78% over 5 days and has been traded over the last 5 days between 36.47 USD and 48.88 USD. This implies that the 5 day price is +30.46% from its lowest point and -2.66% from its highest point.

36.47

48.88

47.58

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

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

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 detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of AVALANCHE - AVAX/USD in Weekly shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Weekly

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Long white line

Type : Bullish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.73	20.94	39.13	47.58	59.79	76.89	98.08
Change (%)	-79.55%	-55.99%	-17.76%	-	+25.66%	+61.60%	+106.14%
Change	-37.85	-26.64	-8.45	-	+12.21	+29.31	+50.50
Level	Major	Major	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	39.37	41.24	43.61	45.48	47.85	49.72	52.09
Camarilla	44.81	45.20	45.59	45.98	46.37	46.76	47.15
Woodie	39.62	41.37	43.86	45.61	48.10	49.85	52.34
Fibonacci	41.24	42.86	43.86	45.48	47.10	48.10	49.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.36	25.97	34.08	39.69	47.80	53.41	61.52
Camarilla	38.42	39.68	40.93	42.19	43.45	44.71	45.96
Woodie	21.61	26.60	35.33	40.32	49.05	54.04	62.77
Fibonacci	25.97	31.21	34.45	39.69	44.93	48.17	53.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.41	5.93	13.66	19.18	26.91	32.43	40.16
Camarilla	17.74	18.95	20.17	21.38	22.60	23.81	25.02
Woodie	1.51	6.48	14.76	19.73	28.01	32.98	41.26
Fibonacci	5.93	11.00	14.12	19.18	24.25	27.37	32.43

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):	87.29
MACD (12,26,9):	6.2700
Directional Movement:	45.97
AROON (14):	85.71
DEMA (21):	28.29
Parabolic SAR (0,02-0,02-0,2):	17.04
Elder Ray (13):	16.90
Super Trend (3,10):	24.49
Zig ZAG (10):	47.79
VORTEX (21):	1.2800
Stochastique (14,3,5):	95.16
TEMA (21):	34.96
Williams %R (14):	-3.26
Chande Momentum Oscillator (20):	37.83
Repulse (5,40,3):	69.2200
ROCnROLL:	1
TRIX (15,9):	2.1500
Courbe Coppock:	427.88

MA7:	42.93
MA20:	35.77
MA50:	25.38
MA100:	17.56
MAexp7:	32.62
MAexp20:	21.98
MAexp50:	19.42
MAexp100:	22.60
Price / MA7:	+10.83%
Price / MA20:	+33.02%
Price / MA50:	+87.47%
Price / MA100:	+170.96%
Price / MAexp7:	+45.86%
Price / MAexp20:	+116.47%
Price / MAexp50:	+145.01%
Price / MAexp100:	+110.53%

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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