AAVE - LEND/USDT - 1H - Technical analysis published on 08/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
AAVE - LEND/USDT Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.775600 USDT
My targets
0.882767 USDT (+1.44%)
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 0.775600 USDT. The buyers” bullish objective is set at 0.882767 USDT. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Monocle360.
Additional analysis
Quotes
AAVE - LEND/USDT rating 0.870200 USDT. The price registered an increase of +12.65% on the session and was between 0.731700 USDT and 0.883400 USDT. This implies that the price is at +18.93% from its lowest and at -1.49% from its highest.0.731700
0.883400
0.870200
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 0.646100 | 0.745400 | 0.775600 | 0.870200 |
| Change (%) | -25.75% | -14.34% | -10.87% | - |
| Change | -0.224100 | -0.124800 | -0.094600 | - |
| Level | Major | Minor | Intermediate | - |
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 | 0.564100 | 0.608900 | 0.690700 | 0.735500 | 0.817300 | 0.862100 | 0.943900 |
| Camarilla | 0.737685 | 0.749290 | 0.760895 | 0.772500 | 0.784105 | 0.795710 | 0.807315 |
| Woodie | 0.582600 | 0.618150 | 0.709200 | 0.744750 | 0.835800 | 0.871350 | 0.962400 |
| Fibonacci | 0.608900 | 0.657261 | 0.687139 | 0.735500 | 0.783861 | 0.813739 | 0.862100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.265967 | 0.361433 | 0.471567 | 0.567033 | 0.677167 | 0.772633 | 0.882767 |
| Camarilla | 0.525160 | 0.544007 | 0.562853 | 0.581700 | 0.600547 | 0.619393 | 0.638240 |
| Woodie | 0.273300 | 0.365100 | 0.478900 | 0.570700 | 0.684500 | 0.776300 | 0.890100 |
| Fibonacci | 0.361433 | 0.439973 | 0.488494 | 0.567033 | 0.645573 | 0.694094 | 0.772633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.088267 | 0.019667 | 0.162033 | 0.269967 | 0.412333 | 0.520267 | 0.662633 |
| Camarilla | 0.235568 | 0.258512 | 0.281456 | 0.304400 | 0.327344 | 0.350288 | 0.373233 |
| Woodie | -0.071050 | 0.028275 | 0.179250 | 0.278575 | 0.429550 | 0.528875 | 0.679850 |
| Fibonacci | 0.019667 | 0.115281 | 0.174352 | 0.269967 | 0.365581 | 0.424652 | 0.520267 |
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): | 66.14 | |
| MACD (12,26,9): | 0.0376 | |
| Directional Movement: | 21.208599 | |
| AROON (14): | 64.285717 | |
| DEMA (21): | 0.820948 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.780743 | |
| Elder Ray (13): | 0.045486 | |
| Super Trend (3,10): | 0.739052 | |
| Zig ZAG (10): | 0.834900 | |
| VORTEX (21): | 1.1522 | |
| Stochastique (14,3,5): | 79.66 | |
| TEMA (21): | 0.843999 | |
| Williams %R (14): | -21.35 | |
| Chande Momentum Oscillator (20): | 0.100700 | |
| Repulse (5,40,3): | 0.8092 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.5621 | |
| Courbe Coppock: | 35.56 |
| MA7: | 0.668886 | |
| MA20: | 0.533900 | |
| MA50: | 0.383210 | |
| MA100: | 0.239263 | |
| MAexp7: | 0.826905 | |
| MAexp20: | 0.776525 | |
| MAexp50: | 0.721988 | |
| MAexp100: | 0.671967 | |
| Price / MA7: | +30.10% | |
| Price / MA20: | +62.99% | |
| Price / MA50: | +127.08% | |
| Price / MA100: | +263.70% | |
| Price / MAexp7: | +5.24% | |
| Price / MAexp20: | +12.06% | |
| Price / MAexp50: | +20.53% | |
| Price / MAexp100: | +29.50% |
Quotes :
2020-08-26 11:20:53
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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