AVALANCHE - AVAX/USDT - 15 min. - Technical analysis published on 02/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 42.97 USDT
My targets
40.09 USDT (-2.69%)
37.97 USDT (-7.85%)
My analysis
The bearish trend is currently very strong for AVALANCHE - AVAX/USDT. As long as the price remains below the resistance at 42.97 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 40.09 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37.97 USDT as an objective. Crossing it would then enable sellers to target 36.80 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AVALANCHE - AVAX/USDT price is 41.20 USDT. The price is lower by -2.42% since the last closing and was between 40.88 USDT and 43.57 USDT. This implies that the price is at +0.78% from its lowest and at -5.44% from its highest.40.88
43.57
41.20
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of AVALANCHE - AVAX/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.12 | 38.39 | 41.15 | 41.20 | 42.08 | 48.18 | 79.05 |
| Change (%) | -12.33% | -6.82% | -0.12% | - | +2.14% | +16.94% | +91.87% |
| Change | -5.08 | -2.81 | -0.05 | - | +0.88 | +6.98 | +37.85 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | Minor |
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 | 36.80 | 37.97 | 40.09 | 41.26 | 43.38 | 44.55 | 46.67 |
| Camarilla | 41.32 | 41.62 | 41.92 | 42.22 | 42.52 | 42.82 | 43.13 |
| Woodie | 37.29 | 38.21 | 40.58 | 41.50 | 43.87 | 44.79 | 47.16 |
| Fibonacci | 37.97 | 39.22 | 40.00 | 41.26 | 42.51 | 43.29 | 44.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.13 | 30.89 | 35.55 | 38.31 | 42.97 | 45.73 | 50.39 |
| Camarilla | 38.16 | 38.84 | 39.52 | 40.20 | 40.88 | 41.56 | 42.24 |
| Woodie | 29.07 | 31.37 | 36.49 | 38.79 | 43.91 | 46.21 | 51.33 |
| Fibonacci | 30.89 | 33.73 | 35.48 | 38.31 | 41.15 | 42.90 | 45.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.61 | 18.42 | 25.80 | 34.61 | 41.99 | 50.80 | 58.18 |
| Camarilla | 28.72 | 30.20 | 31.69 | 33.17 | 34.65 | 36.14 | 37.62 |
| Woodie | 8.89 | 18.06 | 25.08 | 34.25 | 41.27 | 50.44 | 57.46 |
| Fibonacci | 18.42 | 24.61 | 28.43 | 34.61 | 40.80 | 44.62 | 50.80 |
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): | 34.77 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -24.72 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 41.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.62 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 42.03 | |
| Zig ZAG (10): | 41.09 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 16.56 | |
| TEMA (21): | 41.19 | |
| Williams %R (14): | -68.53 | |
| Chande Momentum Oscillator (20): | -0.35 | |
| Repulse (5,40,3): | -0.9600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.51 |
| MA7: | 40.30 | |
| MA20: | 36.77 | |
| MA50: | 36.11 | |
| MA100: | 32.40 | |
| MAexp7: | 41.35 | |
| MAexp20: | 41.63 | |
| MAexp50: | 41.96 | |
| MAexp100: | 41.96 | |
| Price / MA7: | +2.23% | |
| Price / MA20: | +12.05% | |
| Price / MA50: | +14.10% | |
| Price / MA100: | +27.16% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -1.03% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | -1.81% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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