AAVE - LEND/USDT

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Change:	-
Volume:	-

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Type:	Cryptocurrencies
Ticker:	LENDUSDT
ISIN:

AAVE - LEND/USDT - 1H - Technical analysis published on 07/26/2020 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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AAVE - LEND/USDT Chart

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 0.276550 USDT

My targets

0.249433 USDT (-7.89%)

0.246000 USDT (-9.16%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AAVE - LEND/USDT as long as the price remains well below 0.276550 USDT. The sellers” bearish objective is set at 0.249433 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.246000 USDT. In case of crossing, the next objective would be the support located at 0.211500 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

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 0.270800 USDT. On the day, this instrument lost -6.56% and was traded between 0.259900 USDT and 0.297600 USDT over the period. The price is currently at +4.19% from its lowest and -9.01% from its highest.

0.259900

0.297600

0.270800

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:

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

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 bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.159000	0.211500	0.246000	0.270800	0.276550	0.294433	0.324900
Change (%)	-41.29%	-21.90%	-9.16%	-	+2.12%	+8.73%	+19.98%
Change	-0.111800	-0.059300	-0.024800	-	+0.005750	+0.023633	+0.054100
Level	Major	Minor	Minor	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.232567	0.260533	0.275167	0.303133	0.317767	0.345733	0.360367
Camarilla	0.278085	0.281990	0.285895	0.289800	0.293705	0.297610	0.301515
Woodie	0.225900	0.257200	0.268500	0.299800	0.311100	0.342400	0.353700
Fibonacci	0.260533	0.276807	0.286860	0.303133	0.319407	0.329460	0.345733

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.144833	0.209067	0.249433	0.313667	0.354033	0.418267	0.458633
Camarilla	0.261035	0.270623	0.280212	0.289800	0.299388	0.308977	0.318565
Woodie	0.132900	0.203100	0.237500	0.307700	0.342100	0.412300	0.446700
Fibonacci	0.209067	0.249024	0.273710	0.313667	0.353624	0.378310	0.418267

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 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):	38.44
MACD (12,26,9):	-0.0079
Directional Movement:	-26.101713
AROON (14):	-28.571428
DEMA (21):	0.273269
Parabolic SAR (0,02-0,02-0,2):	0.261170
Elder Ray (13):	-0.007459
Super Trend (3,10):	0.292263
Zig ZAG (10):	0.272600
VORTEX (21):	0.7755
Stochastique (14,3,5):	30.33
TEMA (21):	0.268550
Williams %R (14):	-67.90
Chande Momentum Oscillator (20):	-0.025500
Repulse (5,40,3):	-1.4941
ROCnROLL:	2
TRIX (15,9):	-0.3535
Courbe Coppock:	13.59

MA7:	0.301686
MA20:	0.261320
MA50:	0.173774
MA100:	0.112135
MAexp7:	0.274268
MAexp20:	0.283350
MAexp50:	0.292513
MAexp100:	0.297591
Price / MA7:	-10.24%
Price / MA20:	+3.63%
Price / MA50:	+55.83%
Price / MA100:	+141.49%
Price / MAexp7:	-1.26%
Price / MAexp20:	-4.43%
Price / MAexp50:	-7.42%
Price / MAexp100:	-9.00%

Quotes : 2020-07-26 17:38:51 - Real time data - Cryptocompare

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

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