AAVE - LEND/USDT
AAVE - LEND/USDT
0.382300 USDT (+4.23%)
Real time data - Cryptocompare
Open: 0.367100
Change: +0.015500
Volume: 349,401
Low: 0.363500
High: 0.385300
High / Low range: 0.021800
Type: Cryptocurrencies
Ticker: LENDUSDT
ISIN:

AAVE - LEND/USDT - 1H - Technical analysis published on 08/02/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-08-02 10:33:47
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.312000 USDT
My targets
0.331233 USDT (+4.92%)
0.342000 USDT (+8.33%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on AAVE - LEND/USDT as long as the price remains well above 0.312000 USDT. The buyers” bullish objective is set at 0.331233 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.342000 USDT. If there is any crossing, the next objective would be the resistance located at 0.353400 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
0
10
4.6

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The AAVE - LEND/USDT price is 0.315700 USDT. The price registered an increase of +1.61% on the session and was between 0.264200 USDT and 0.321300 USDT. This implies that the price is at +19.49% from its lowest and at -1.74% from its highest.

0.264200
0.321300
0.315700

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



A study of price movements over other periods shows the following variations:
The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this AAVE - LEND/USDT chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.277000 0.298745 0.312000 0.315700 0.331233 0.342000 0.353400
Change (%) -12.26% -5.37% -1.17% - +4.92% +8.33% +11.94%
Change -0.038700 -0.016955 -0.003700 - +0.015533 +0.026300 +0.037700
Level Intermediate Major Minor - Major Minor Major



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
Standard0.2796000.2923000.3015000.3142000.3234000.3361000.345300
Camarilla0.3046780.3066850.3086930.3107000.3127080.3147150.316723
Woodie0.2778500.2914250.2997500.3133250.3216500.3352250.343550
Fibonacci0.2923000.3006660.3058340.3142000.3225660.3277340.336100


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1066330.1641670.2374330.2949670.3682330.4257670.499033
Camarilla0.2747300.2867200.2987100.3107000.3226900.3346800.346670
Woodie0.1145000.1681000.2453000.2989000.3761000.4297000.506900
Fibonacci0.1641670.2141320.2450010.2949670.3449320.3758010.425767


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0882670.0196670.1620330.2699670.4123330.5202670.662633
Camarilla0.2355680.2585120.2814560.3044000.3273440.3502880.373233
Woodie-0.0710500.0282750.1792500.2785750.4295500.5288750.679850
Fibonacci0.0196670.1152810.1743520.2699670.3655810.4246520.520267

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): 50.26
MACD (12,26,9): -0.0029
Directional Movement: -11.187816
AROON (14): -57.142857
DEMA (21): 0.305281
Parabolic SAR (0,02-0,02-0,2): 0.265140
Elder Ray (13): 0.003239
Super Trend (3,10): 0.318776
Zig ZAG (10): 0.310300
VORTEX (21): 0.9712
Stochastique (14,3,5): 72.43
TEMA (21): 0.304382
Williams %R (14): -18.01
Chande Momentum Oscillator (20): -0.004300
Repulse (5,40,3): 4.2812
ROCnROLL: 1
TRIX (15,9): -0.1199
Courbe Coppock: 7.85
MA7: 0.300000
MA20: 0.295690
MA50: 0.204514
MA100: 0.131239
MAexp7: 0.307035
MAexp20: 0.309106
MAexp50: 0.311795
MAexp100: 0.308457
Price / MA7: +5.23%
Price / MA20: +6.77%
Price / MA50: +54.37%
Price / MA100: +140.55%
Price / MAexp7: +2.82%
Price / MAexp20: +2.13%
Price / MAexp50: +1.25%
Price / MAexp100: +2.35%

Quotes : 2020-08-02 10:33:13 - Real time data - Cryptocompare

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

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