Londinia Opportunities Analyses - 08/30/2024 (GMT) AAVE - AAVE/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | AAVEUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 121.66 USDT
My targets
115.51 USDT (-3.24%)
109.56 USDT (-8.23%)
My analysis
The bearish trend is currently very strong for AAVE - AAVE/USDT. As long as the price remains below the resistance at 121.66 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 115.51 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 109.56 USDT as an objective. Crossing it would then enable sellers to target 91.32 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
8
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Additional analysis
Quotes
The AAVE - AAVE/USDT price is 119.38 USDT. The price is lower by -3.18% since the last closing and was traded between 118.37 USDT and 127.37 USDT over the period. The price is currently at +0.85% from its lowest and -6.27% from its highest.118.37
127.37
119.38
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Technical
Technical analysis of this 1H chart of AAVE - AAVE/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 91.32 | 109.56 | 115.51 | 119.38 | 121.66 | 128.20 | 130.82 |
| Change (%) | -23.50% | -8.23% | -3.24% | - | +1.91% | +7.39% | +9.58% |
| Change | -28.06 | -9.82 | -3.87 | - | +2.28 | +8.82 | +11.44 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.00 | 117.86 | 120.58 | 124.44 | 127.16 | 131.02 | 133.74 |
| Camarilla | 121.49 | 122.09 | 122.70 | 123.30 | 123.90 | 124.51 | 125.11 |
| Woodie | 113.43 | 117.58 | 120.01 | 124.16 | 126.59 | 130.74 | 133.17 |
| Fibonacci | 117.86 | 120.37 | 121.93 | 124.44 | 126.95 | 128.51 | 131.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.14 | 90.37 | 113.70 | 130.93 | 154.26 | 171.49 | 194.82 |
| Camarilla | 125.88 | 129.59 | 133.31 | 137.03 | 140.75 | 144.47 | 148.18 |
| Woodie | 76.19 | 91.90 | 116.75 | 132.46 | 157.31 | 173.02 | 197.87 |
| Fibonacci | 90.37 | 105.86 | 115.44 | 130.93 | 146.42 | 156.00 | 171.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.95 | 75.37 | 91.44 | 101.86 | 117.93 | 128.35 | 144.42 |
| Camarilla | 100.23 | 102.65 | 105.08 | 107.51 | 109.94 | 112.37 | 114.80 |
| Woodie | 67.78 | 76.78 | 94.27 | 103.27 | 120.76 | 129.76 | 147.25 |
| Fibonacci | 75.37 | 85.49 | 91.74 | 101.86 | 111.98 | 118.23 | 128.35 |
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): | 36.52 | |
| MACD (12,26,9): | -0.6400 | |
| Directional Movement: | -13.06 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 122.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 127.18 | |
| Elder Ray (13): | -3.15 | |
| Super Trend (3,10): | 125.80 | |
| Zig ZAG (10): | 118.77 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 9.89 | |
| TEMA (21): | 121.79 | |
| Williams %R (14): | -96.47 | |
| Chande Momentum Oscillator (20): | -3.59 | |
| Repulse (5,40,3): | -5.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.04 |
| MA7: | 126.96 | |
| MA20: | 119.45 | |
| MA50: | 107.90 | |
| MA100: | 100.26 | |
| MAexp7: | 121.78 | |
| MAexp20: | 122.98 | |
| MAexp50: | 123.87 | |
| MAexp100: | 125.66 | |
| Price / MA7: | -5.97% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +10.64% | |
| Price / MA100: | +19.07% | |
| Price / MAexp7: | -1.97% | |
| Price / MAexp20: | -2.93% | |
| Price / MAexp50: | -3.62% | |
| Price / MAexp100: | -5.00% |
Quotes :
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Real time data
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