AVALANCHE - AVAX/USD

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Type:	Cryptocurrencies
Ticker:	AVAXUSD
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AVALANCHE - AVAX/USD - 1H - Technical analysis published on 12/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

11%

44%

My opinion

Bullish above 40.99 USD

My targets

44.63 USD (+8.59%)

48.23 USD (+17.35%)

My analysis

AVALANCHE - AVAX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 40.99 USD. The next resistance located at 44.63 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 48.23 USD. After this resistance, buyers could then target 50.85 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.1

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

AVALANCHE - AVAX/USD rating 41.10 USD. The price registered a decrease of -0.27% on the session and was traded between 40.59 USD and 41.47 USD over the period. The price is currently at +1.26% from its lowest and -0.89% from its highest.

40.59

41.47

41.10

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of AVALANCHE - AVAX/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.65	35.79	37.93	41.10	41.18	44.63	48.23
Change (%)	-20.56%	-12.92%	-7.71%	-	+0.19%	+8.59%	+17.35%
Change	-8.45	-5.31	-3.17	-	+0.08	+3.53	+7.13
Level	Major	Intermediate	Minor	-	Major	Major	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	34.14	35.89	38.55	40.30	42.96	44.71	47.37
Camarilla	40.00	40.40	40.81	41.21	41.61	42.02	42.42
Woodie	34.60	36.12	39.01	40.53	43.42	44.94	47.83
Fibonacci	35.89	37.58	38.62	40.30	41.99	43.03	44.71

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.57	22.56	30.00	40.99	48.43	59.42	66.86
Camarilla	32.36	34.05	35.74	37.43	39.12	40.81	42.50
Woodie	9.79	21.67	28.22	40.10	46.65	58.53	65.08
Fibonacci	22.56	29.60	33.95	40.99	48.03	52.38	59.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.96	14.98	29.92	38.94	53.88	62.90	77.84
Camarilla	38.27	40.47	42.66	44.86	47.06	49.25	51.45
Woodie	8.92	16.46	32.88	40.42	56.84	64.38	80.80
Fibonacci	14.98	24.13	29.79	38.94	48.09	53.75	62.90

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):	61.34
MACD (12,26,9):	0.6800
Directional Movement:	12.18
AROON (14):	14.29
DEMA (21):	41.53
Parabolic SAR (0,02-0,02-0,2):	41.79
Elder Ray (13):	0.25
Super Trend (3,10):	39.39
Zig ZAG (10):	41.19
VORTEX (21):	1.2000
Stochastique (14,3,5):	56.73
TEMA (21):	41.59
Williams %R (14):	-48.66
Chande Momentum Oscillator (20):	0.21
Repulse (5,40,3):	0.7000
ROCnROLL:	1
TRIX (15,9):	0.3000
Courbe Coppock:	6.40

MA7:	39.15
MA20:	45.84
MA50:	41.55
MA100:	34.15
MAexp7:	41.11
MAexp20:	40.52
MAexp50:	39.44
MAexp100:	39.39
Price / MA7:	+4.98%
Price / MA20:	-10.34%
Price / MA50:	-1.08%
Price / MA100:	+20.35%
Price / MAexp7:	-0.02%
Price / MAexp20:	+1.43%
Price / MAexp50:	+4.21%
Price / MAexp100:	+4.34%

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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