AAVE - AAVE/USD - 1H - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 83.56 USD
My targets
87.11 USD (+1.82%)
88.82 USD (+3.82%)
My analysis
AAVE - AAVE/USD 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 83.56 USD. The next resistance located at 87.11 USD 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 88.82 USD. After this resistance, buyers could then target 90.05 USD.
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
5.9
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Additional analysis
Quotes
The AAVE - AAVE/USD rating is 85.55 USD. The price registered a decrease of -0.04% on the session and was traded between 85.25 USD and 86.47 USD over the period. The price is currently at +0.35% from its lowest and -1.06% from its highest.85.25
86.47
85.55
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
Here is a more detailed summary of the historical variations registered by AAVE - AAVE/USD:
Technical
Technical analysis of AAVE - AAVE/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced 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.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 79.68 | 81.93 | 83.56 | 85.55 | 87.11 | 88.82 | 90.05 |
| Change (%) | -6.86% | -4.23% | -2.33% | - | +1.82% | +3.82% | +5.26% |
| Change | -5.87 | -3.62 | -1.99 | - | +1.56 | +3.27 | +4.50 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70.20 | 74.17 | 79.87 | 83.84 | 89.54 | 93.51 | 99.21 |
| Camarilla | 82.92 | 83.81 | 84.69 | 85.58 | 86.47 | 87.35 | 88.24 |
| Woodie | 71.08 | 74.60 | 80.75 | 84.27 | 90.42 | 93.94 | 100.09 |
| Fibonacci | 74.17 | 77.86 | 80.14 | 83.84 | 87.53 | 89.81 | 93.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.17 | 64.52 | 74.46 | 82.81 | 92.75 | 101.10 | 111.04 |
| Camarilla | 79.37 | 81.05 | 82.72 | 84.40 | 86.08 | 87.75 | 89.43 |
| Woodie | 56.97 | 64.92 | 75.26 | 83.21 | 93.55 | 101.50 | 111.84 |
| Fibonacci | 64.52 | 71.51 | 75.82 | 82.81 | 89.80 | 94.11 | 101.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.66 | 43.10 | 47.51 | 55.95 | 60.36 | 68.80 | 73.21 |
| Camarilla | 48.38 | 49.55 | 50.73 | 51.91 | 53.09 | 54.27 | 55.44 |
| Woodie | 32.64 | 42.09 | 45.49 | 54.94 | 58.34 | 67.79 | 71.19 |
| Fibonacci | 43.10 | 48.01 | 51.05 | 55.95 | 60.86 | 63.90 | 68.80 |
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): | 59.33 | |
| MACD (12,26,9): | 0.9500 | |
| Directional Movement: | 21.54 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 84.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.34 | |
| Elder Ray (13): | 1.04 | |
| Super Trend (3,10): | 81.63 | |
| Zig ZAG (10): | 85.52 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 74.94 | |
| TEMA (21): | 86.21 | |
| Williams %R (14): | -26.66 | |
| Chande Momentum Oscillator (20): | 5.22 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 11.86 |
| MA7: | 85.00 | |
| MA20: | 76.07 | |
| MA50: | 64.31 | |
| MA100: | 67.45 | |
| MAexp7: | 85.35 | |
| MAexp20: | 83.90 | |
| MAexp50: | 83.72 | |
| MAexp100: | 84.12 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +12.46% | |
| Price / MA50: | +33.03% | |
| Price / MA100: | +26.83% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +1.97% | |
| Price / MAexp50: | +2.19% | |
| Price / MAexp100: | +1.70% |
Quotes :
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Real time data
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