ADVENTURE GOLD - AGLD/USD - 1H - Technical analysis published on 06/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.411133 USD
My targets
0.427700 USD (+0.68%)
0.445950 USD (+4.98%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for ADVENTURE GOLD - AGLD/USD as long as the price remains well above 0.411133 USD. The buyers' bullish objective is set at 0.427700 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.445950 USD. If there is any crossing, the next objective would be the resistance located at 0.464100 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.427700 USD. On this resistance, against the trend traders who would like to go short on ADVENTURE GOLD - AGLD/USD with a bearish signal from their trading strategy, should not hesitate to act.
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
2.3
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Additional analysis
Quotes
The ADVENTURE GOLD - AGLD/USD price is 0.424800 USD. On the day, this instrument gained +7.19% and was traded between 0.389600 USD and 0.430300 USD over the period. The price is currently at +9.03% from its lowest and -1.28% from its highest.0.389600
0.430300
0.424800
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of ADVENTURE GOLD - AGLD/USD in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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:
Upside gap
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.339685 | 0.376300 | 0.384800 | 0.424800 | 0.427700 | 0.445950 | 0.464100 |
| Change (%) | -20.04% | -11.42% | -9.42% | - | +0.68% | +4.98% | +9.25% |
| Change | -0.085115 | -0.048500 | -0.040000 | - | +0.002900 | +0.021150 | +0.039300 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | 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 | 0.337000 | 0.360900 | 0.378600 | 0.402500 | 0.420200 | 0.444100 | 0.461800 |
| Camarilla | 0.384860 | 0.388673 | 0.392487 | 0.396300 | 0.400113 | 0.403927 | 0.407740 |
| Woodie | 0.333900 | 0.359350 | 0.375500 | 0.400950 | 0.417100 | 0.442550 | 0.458700 |
| Fibonacci | 0.360900 | 0.376791 | 0.386609 | 0.402500 | 0.418391 | 0.428209 | 0.444100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.349333 | 0.379767 | 0.411133 | 0.441567 | 0.472933 | 0.503367 | 0.534733 |
| Camarilla | 0.425505 | 0.431170 | 0.436835 | 0.442500 | 0.448165 | 0.453830 | 0.459495 |
| Woodie | 0.349800 | 0.380000 | 0.411600 | 0.441800 | 0.473400 | 0.503600 | 0.535200 |
| Fibonacci | 0.379767 | 0.403374 | 0.417959 | 0.441567 | 0.465174 | 0.479759 | 0.503367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.190367 | 0.260133 | 0.351167 | 0.420933 | 0.511967 | 0.581733 | 0.672767 |
| Camarilla | 0.397980 | 0.412720 | 0.427460 | 0.442200 | 0.456940 | 0.471680 | 0.486420 |
| Woodie | 0.201000 | 0.265450 | 0.361800 | 0.426250 | 0.522600 | 0.587050 | 0.683400 |
| Fibonacci | 0.260133 | 0.321559 | 0.359508 | 0.420933 | 0.482359 | 0.520308 | 0.581733 |
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): | 56.76 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | 7.499392 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.401522 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.412955 | |
| Elder Ray (13): | 0.005265 | |
| Super Trend (3,10): | 0.394938 | |
| Zig ZAG (10): | 0.410400 | |
| VORTEX (21): | 1.1231 | |
| Stochastique (14,3,5): | 70.56 | |
| TEMA (21): | 0.406366 | |
| Williams %R (14): | -10.00 | |
| Chande Momentum Oscillator (20): | 0.014000 | |
| Repulse (5,40,3): | 2.0611 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1189 | |
| Courbe Coppock: | 6.28 |
| MA7: | 0.432914 | |
| MA20: | 0.412560 | |
| MA50: | 0.424892 | |
| MA100: | 0.444532 | |
| MAexp7: | 0.405902 | |
| MAexp20: | 0.404571 | |
| MAexp50: | 0.412797 | |
| MAexp100: | 0.423307 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | +2.97% | |
| Price / MA50: | -0.02% | |
| Price / MA100: | -4.44% | |
| Price / MAexp7: | +4.66% | |
| Price / MAexp20: | +5.00% | |
| Price / MAexp50: | +2.91% | |
| Price / MAexp100: | +0.35% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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