AVALANCHE - AVAX/USD - 15 min. - Technical analysis published on 03/16/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 57.37 USD
My targets
61.97 USD (+1.79%)
65.62 USD (+7.79%)
My analysis
The bullish trend is currently very strong on AVALANCHE - AVAX/USD. As long as the price remains above the support at 57.37 USD, you could try to benefit from the boom. The first bullish objective is located at 61.97 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 65.62 USD as an objective. Crossing it would then enable buyers to target 72.43 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AVALANCHE - AVAX/USD rating is 60.88 USD. On the day, this instrument gained +4.39% with the lowest point at 55.18 USD and the highest point at 61.41 USD. The deviation from the price is +10.33% for the low point and -0.86% for the high point.55.18
61.41
60.88
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Abnormal volumes on AVALANCHE - AVAX/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 15 min. chart of AVALANCHE - AVAX/USD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.30 | 57.34 | 59.31 | 60.88 | 76.89 | 98.08 | 135.29 |
| Change (%) | -14.09% | -5.81% | -2.58% | - | +26.30% | +61.10% | +122.22% |
| Change | -8.58 | -3.54 | -1.57 | - | +16.01 | +37.20 | +74.41 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.05 | 44.70 | 51.51 | 55.16 | 61.97 | 65.62 | 72.43 |
| Camarilla | 55.44 | 56.40 | 57.36 | 58.32 | 59.28 | 60.24 | 61.20 |
| Woodie | 42.63 | 45.49 | 53.09 | 55.95 | 63.55 | 66.41 | 74.01 |
| Fibonacci | 44.70 | 48.70 | 51.16 | 55.16 | 59.16 | 61.62 | 65.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.68 | 30.82 | 36.91 | 41.05 | 47.14 | 51.28 | 57.37 |
| Camarilla | 40.20 | 41.14 | 42.07 | 43.01 | 43.95 | 44.89 | 45.82 |
| Woodie | 27.67 | 31.31 | 37.90 | 41.54 | 48.13 | 51.77 | 58.36 |
| Fibonacci | 30.82 | 34.73 | 37.14 | 41.05 | 44.96 | 47.37 | 51.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.56 | 26.92 | 33.93 | 39.29 | 46.30 | 51.66 | 58.67 |
| Camarilla | 37.54 | 38.67 | 39.81 | 40.94 | 42.07 | 43.21 | 44.34 |
| Woodie | 22.39 | 27.33 | 34.76 | 39.70 | 47.13 | 52.07 | 59.50 |
| Fibonacci | 26.92 | 31.65 | 34.57 | 39.29 | 44.02 | 46.94 | 51.66 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.42 | |
| MACD (12,26,9): | 0.7800 | |
| Directional Movement: | 7.99 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 60.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 59.78 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 58.02 | |
| Zig ZAG (10): | 60.16 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 67.89 | |
| TEMA (21): | 60.77 | |
| Williams %R (14): | -41.20 | |
| Chande Momentum Oscillator (20): | -0.96 | |
| Repulse (5,40,3): | -0.6600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 7.78 |
| MA7: | 53.38 | |
| MA20: | 45.83 | |
| MA50: | 40.71 | |
| MA100: | 39.27 | |
| MAexp7: | 60.13 | |
| MAexp20: | 59.52 | |
| MAexp50: | 58.19 | |
| MAexp100: | 56.90 | |
| Price / MA7: | +14.05% | |
| Price / MA20: | +32.84% | |
| Price / MA50: | +49.55% | |
| Price / MA100: | +55.03% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +2.28% | |
| Price / MAexp50: | +4.62% | |
| Price / MAexp100: | +6.99% |
Quotes :
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Real time data
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