AAVE - AAVE/USD - 1H - Technical analysis published on 02/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 88.29 USD
My targets
96.94 USD (+6.81%)
102.95 USD (+13.43%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 88.29 USD remains possible. It is advisable to trade AAVE - AAVE/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 88.29 USD. The next bullish objective for buyers is set at 96.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 102.95 USD. If there is any crossing, the next objective would be the resistance located at 115.74 USD. PS: if there is a bearish break in the support located at 88.29 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AAVE - AAVE/USD rating 90.76 USD. The price registered a decrease of -0.15% on the session and was traded between 89.15 USD and 95.37 USD over the period. The price is currently at +1.81% from its lowest and -4.83% from its highest.89.15
95.37
90.76
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.
Bullish opening
Type : Bullish
Timeframe : Openning
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AAVE - AAVE/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 85.34 | 86.81 | 88.29 | 90.76 | 90.97 | 102.95 | 115.74 |
| Change (%) | -5.97% | -4.35% | -2.72% | - | +0.23% | +13.43% | +27.52% |
| Change | -5.42 | -3.95 | -2.47 | - | +0.21 | +12.19 | +24.98 |
| Level | Minor | Minor | Minor | - | 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 | 82.40 | 84.30 | 87.60 | 89.50 | 92.80 | 94.70 | 98.00 |
| Camarilla | 89.47 | 89.95 | 90.42 | 90.90 | 91.38 | 91.85 | 92.33 |
| Woodie | 83.10 | 84.65 | 88.30 | 89.85 | 93.50 | 95.05 | 98.70 |
| Fibonacci | 84.30 | 86.29 | 87.51 | 89.50 | 91.49 | 92.71 | 94.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.68 | 67.73 | 79.31 | 85.36 | 96.94 | 102.99 | 114.57 |
| Camarilla | 86.05 | 87.67 | 89.28 | 90.90 | 92.52 | 94.13 | 95.75 |
| Woodie | 64.46 | 69.11 | 82.09 | 86.74 | 99.72 | 104.37 | 117.35 |
| Fibonacci | 67.73 | 74.46 | 78.62 | 85.36 | 92.09 | 96.25 | 102.99 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.91 | 34.98 | 59.01 | 75.08 | 99.11 | 115.18 | 139.21 |
| Camarilla | 72.00 | 75.68 | 79.35 | 83.03 | 86.71 | 90.38 | 94.06 |
| Woodie | 22.88 | 36.97 | 62.98 | 77.07 | 103.08 | 117.17 | 143.18 |
| Fibonacci | 34.98 | 50.30 | 59.77 | 75.08 | 90.40 | 99.87 | 115.18 |
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): | 56.24 | |
| MACD (12,26,9): | 0.9600 | |
| Directional Movement: | 13.58 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 92.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.42 | |
| Elder Ray (13): | 0.28 | |
| Super Trend (3,10): | 89.92 | |
| Zig ZAG (10): | 92.01 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 53.11 | |
| TEMA (21): | 92.60 | |
| Williams %R (14): | -62.06 | |
| Chande Momentum Oscillator (20): | 0.87 | |
| Repulse (5,40,3): | -1.8900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.65 |
| MA7: | 86.74 | |
| MA20: | 85.29 | |
| MA50: | 77.94 | |
| MA100: | 68.33 | |
| MAexp7: | 91.99 | |
| MAexp20: | 91.25 | |
| MAexp50: | 89.69 | |
| MAexp100: | 87.92 | |
| Price / MA7: | +4.63% | |
| Price / MA20: | +6.41% | |
| Price / MA50: | +16.45% | |
| Price / MA100: | +32.83% | |
| Price / MAexp7: | -1.34% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | +1.19% | |
| Price / MAexp100: | +3.23% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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