AVALANCHE - AVAX/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AVAXUSD
ISIN:

AVALANCHE - AVAX/USD - 1H - Technical analysis published on 11/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 44.39 USD

My targets

47.07 USD (+5.22%)

48.27 USD (+7.91%)

My analysis

The bullish trend is currently very strong on AVALANCHE - AVAX/USD. As long as the price remains above the support at 44.39 USD, you could try to benefit from the boom. The first bullish objective is located at 47.07 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 48.27 USD as an objective. Crossing it would then enable buyers to target 60.64 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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

Additional analysis

Quotes

The AVALANCHE - AVAX/USD rating is 44.73 USD. On the day, this instrument lost -0.27% with the lowest point at 43.71 USD and the highest point at 45.29 USD. The deviation from the price is +2.33% for the low point and -1.24% for the high point.

43.71

45.29

44.73

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this 1H 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	41.18	43.22	44.39	44.73	48.27	60.64	98.08
Change (%)	-7.94%	-3.38%	-0.76%	-	+7.91%	+35.57%	+119.27%
Change	-3.55	-1.51	-0.34	-	+3.54	+15.91	+53.35
Level	Major	Intermediate	Intermediate	-	Intermediate	Major	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	40.69	41.62	43.24	44.17	45.79	46.72	48.34
Camarilla	44.15	44.38	44.62	44.85	45.08	45.32	45.55
Woodie	41.03	41.79	43.58	44.34	46.13	46.89	48.68
Fibonacci	41.62	42.60	43.20	44.17	45.15	45.75	46.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.21	26.78	34.14	39.71	47.07	52.64	60.00
Camarilla	37.93	39.12	40.31	41.49	42.68	43.86	45.05
Woodie	22.10	27.23	35.03	40.16	47.96	53.09	60.89
Fibonacci	26.78	31.72	34.77	39.71	44.65	47.70	52.64

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.00	20.52	22.76	26.28	28.52	32.04	34.28
Camarilla	23.41	23.93	24.46	24.99	25.52	26.05	26.57
Woodie	16.35	20.20	22.11	25.96	27.87	31.72	33.63
Fibonacci	20.52	22.72	24.08	26.28	28.48	29.84	32.04

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):	58.32
MACD (12,26,9):	0.2800
Directional Movement:	4.59
AROON (14):	-21.43
DEMA (21):	44.63
Parabolic SAR (0,02-0,02-0,2):	44.83
Elder Ray (13):	0.24
Super Trend (3,10):	43.29
Zig ZAG (10):	44.55
VORTEX (21):	1.1000
Stochastique (14,3,5):	54.05
TEMA (21):	44.63
Williams %R (14):	-39.29
Chande Momentum Oscillator (20):	0.08
Repulse (5,40,3):	0.6300
ROCnROLL:	1
TRIX (15,9):	0.1100
Courbe Coppock:	0.91

MA7:	43.15
MA20:	38.16
MA50:	31.45
MA100:	28.37
MAexp7:	44.44
MAexp20:	44.20
MAexp50:	43.72
MAexp100:	43.05
Price / MA7:	+3.66%
Price / MA20:	+17.22%
Price / MA50:	+42.23%
Price / MA100:	+57.67%
Price / MAexp7:	+0.65%
Price / MAexp20:	+1.20%
Price / MAexp50:	+2.31%
Price / MAexp100:	+3.90%

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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Londinia AI

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