AAVE - LEND/USDT
AAVE - LEND/USDT
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Type: Cryptocurrencies
Ticker: LENDUSDT
ISIN:

AAVE - LEND/USDT - 1H - Technical analysis published on 07/29/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 0.292700 USDT
My targets
0.316000 USDT (+3.23%)
0.331167 USDT (+8.19%)
My analysis
AAVE - LEND/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.292700 USDT. The next resistance located at 0.316000 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.331167 USDT. After this resistance, buyers could then target 0.353400 USDT.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.4

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 0.306100 USDT. The price registered an increase of +7.03% on the session and was between 0.273000 USDT and 0.308800 USDT. This implies that the price is at +12.12% from its lowest and at -0.87% from its highest.

0.273000
0.308800
0.306100

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AAVE - LEND/USDT:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 10 are bullish, 4 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.250400 0.277373 0.292700 0.306100 0.316000 0.331167 0.353400
Change (%) -18.20% -9.38% -4.38% - +3.23% +8.19% +15.45%
Change -0.055700 -0.028727 -0.013400 - +0.009900 +0.025067 +0.047300
Level Minor Major Major - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1876670.2093330.2476670.2693330.3076670.3293330.367667
Camarilla0.2695000.2750000.2805000.2860000.2915000.2970000.302500
Woodie0.1960000.2135000.2560000.2735000.3160000.3335000.376000
Fibonacci0.2093330.2322530.2464130.2693330.2922530.3064130.329333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1448330.2090670.2494330.3136670.3540330.4182670.458633
Camarilla0.2610350.2706230.2802120.2898000.2993880.3089770.318565
Woodie0.1329000.2031000.2375000.3077000.3421000.4123000.446700
Fibonacci0.2090670.2490240.2737100.3136670.3536240.3783100.418267


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0390170.0095670.0714330.1200170.1818830.2304670.292333
Camarilla0.1029260.1130510.1231750.1333000.1434250.1535490.163674
Woodie-0.0323750.0128880.0780750.1233380.1885250.2337880.298975
Fibonacci0.0095670.0517590.0778250.1200170.1622090.1882750.230467

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): 56.97
MACD (12,26,9): 0.0051
Directional Movement: 11.225191
AROON (14): -42.857139
DEMA (21): 0.285347
Parabolic SAR (0,02-0,02-0,2): 0.289941
Elder Ray (13): 0.005155
Super Trend (3,10): 0.262491
Zig ZAG (10): 0.282400
VORTEX (21): 1.1545
Stochastique (14,3,5): 55.57
TEMA (21): 0.286170
Williams %R (14): -47.78
Chande Momentum Oscillator (20): -0.005100
Repulse (5,40,3): -0.5497
ROCnROLL: 1
TRIX (15,9): 0.3554
Courbe Coppock: 3.15
MA7: 0.280114
MA20: 0.272960
MA50: 0.185862
MA100: 0.119431
MAexp7: 0.281810
MAexp20: 0.278049
MAexp50: 0.271350
MAexp100: 0.274153
Price / MA7: +9.28%
Price / MA20: +12.14%
Price / MA50: +64.69%
Price / MA100: +156.30%
Price / MAexp7: +8.62%
Price / MAexp20: +10.09%
Price / MAexp50: +12.81%
Price / MAexp100: +11.65%

Quotes : 2020-07-29 17:06:22 - Real time data - Cryptocompare

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

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