AAVE - LEND/USDT

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	LENDUSDT
ISIN:

AAVE - LEND/USDT - 1H - Technical analysis published on 07/02/2020 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

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AAVE - LEND/USDT Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.149400 USDT

My targets

0.159000 USDT (+3.11%)

0.163200 USDT (+5.84%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AAVE - LEND/USDT as long as the price remains well above 0.149400 USDT. The buyers” bullish objective is set at 0.159000 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.163200 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 Addareea.

Additional analysis

Quotes

The AAVE - LEND/USDT price is 0.154200 USDT. On the day, this instrument gained +7.01% with the lowest point at 0.143700 USDT and the highest point at 0.155400 USDT. The deviation from the price is +7.31% for the low point and -0.77% for the high point.

0.143700

0.155400

0.154200

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of AAVE - LEND/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	0.134900	0.149400	0.153900	0.154200	0.159000	0.163200
Change (%)	-12.52%	-3.11%	-0.19%	-	+3.11%	+5.84%
Change	-0.019300	-0.004800	-0.000300	-	+0.004800	+0.009000
Level	Minor	Minor	Major	-	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	0.109000	0.118300	0.131200	0.140500	0.153400	0.162700	0.175600
Camarilla	0.137995	0.140030	0.142065	0.144100	0.146135	0.148170	0.150205
Woodie	0.110800	0.119200	0.133000	0.141400	0.155200	0.163600	0.177400
Fibonacci	0.118300	0.126780	0.132020	0.140500	0.148980	0.154220	0.162700

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.038233	0.074167	0.096733	0.132667	0.155233	0.191167	0.213733
Camarilla	0.103213	0.108575	0.113938	0.119300	0.124663	0.130025	0.135388
Woodie	0.031550	0.070825	0.090050	0.129325	0.148550	0.187825	0.207050
Fibonacci	0.074167	0.096514	0.110320	0.132667	0.155014	0.168820	0.191167

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.039017	0.009567	0.071433	0.120017	0.181883	0.230467	0.292333
Camarilla	0.102926	0.113051	0.123175	0.133300	0.143425	0.153549	0.163674
Woodie	-0.032375	0.012888	0.078075	0.123338	0.188525	0.233788	0.298975
Fibonacci	0.009567	0.051759	0.077825	0.120017	0.162209	0.188275	0.230467

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):	68.07
MACD (12,26,9):	0.0048
Directional Movement:	21.667459
AROON (14):	78.571430
DEMA (21):	0.153860
Parabolic SAR (0,02-0,02-0,2):	0.147327
Elder Ray (13):	0.003652
Super Trend (3,10):	0.143395
Zig ZAG (10):	0.153700
VORTEX (21):	1.2243
Stochastique (14,3,5):	88.15
TEMA (21):	0.154766
Williams %R (14):	-15.70
Chande Momentum Oscillator (20):	0.005700
Repulse (5,40,3):	1.8251
ROCnROLL:	1
TRIX (15,9):	0.4982
Courbe Coppock:	10.70

MA7:	0.129486
MA20:	0.123835
MA50:	0.087985
MA100:	0.060615
MAexp7:	0.151923
MAexp20:	0.147486
MAexp50:	0.139639
MAexp100:	0.134289
Price / MA7:	+19.09%
Price / MA20:	+24.52%
Price / MA50:	+75.26%
Price / MA100:	+154.39%
Price / MAexp7:	+1.50%
Price / MAexp20:	+4.55%
Price / MAexp50:	+10.43%
Price / MAexp100:	+14.83%

Quotes : 2020-07-02 13:32:18 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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