AAVE - AAVE/USD - 1H - Technical analysis published on 10/03/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 68.06 USD
My targets
70.15 USD (+1.55%)
72.43 USD (+4.85%)
My analysis
With a bullish background trend, the price of AAVE - AAVE/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 68.06 USD. A bullish break in the resistance located at 70.15 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 72.43 USD. Then 74.29 USD by extension. It would be safer to wait for a bullish break in the resistance located at 70.15 USD before allowing yourself to re trade long positions (at purchase) on AAVE - AAVE/USD. PS: if there is a bearish break in the support located at 68.06 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
2.7
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AAVE - AAVE/USD price is 69.08 USD. The price registered a decrease of -0.12% on the session and was between 69.08 USD and 70.21 USD. This implies that the price is at 0% from its lowest and at -1.61% from its highest.69.08
70.21
69.08
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on AAVE - AAVE/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of AAVE - AAVE/USD indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish 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.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.48 | 68.06 | 69.02 | 69.08 | 70.15 | 72.43 | 74.29 |
| Change (%) | -5.21% | -1.48% | -0.09% | - | +1.55% | +4.85% | +7.54% |
| Change | -3.60 | -1.02 | -0.06 | - | +1.07 | +3.35 | +5.21 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.11 | 65.59 | 67.37 | 69.85 | 71.63 | 74.11 | 75.89 |
| Camarilla | 67.99 | 68.38 | 68.77 | 69.16 | 69.55 | 69.94 | 70.33 |
| Woodie | 62.77 | 65.42 | 67.03 | 69.68 | 71.29 | 73.94 | 75.55 |
| Fibonacci | 65.59 | 67.21 | 68.22 | 69.85 | 71.47 | 72.48 | 74.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.28 | 56.57 | 62.08 | 65.37 | 70.88 | 74.17 | 79.68 |
| Camarilla | 65.16 | 65.97 | 66.77 | 67.58 | 68.39 | 69.19 | 70.00 |
| Woodie | 54.38 | 57.13 | 63.18 | 65.93 | 71.98 | 74.73 | 80.78 |
| Fibonacci | 56.57 | 59.94 | 62.01 | 65.37 | 68.74 | 70.81 | 74.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39.21 | 45.32 | 56.45 | 62.56 | 73.69 | 79.80 | 90.93 |
| Camarilla | 62.84 | 64.42 | 66.00 | 67.58 | 69.16 | 70.74 | 72.32 |
| Woodie | 41.72 | 46.58 | 58.96 | 63.82 | 76.20 | 81.06 | 93.44 |
| Fibonacci | 45.32 | 51.91 | 55.97 | 62.56 | 69.15 | 73.21 | 79.80 |
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): | 51.57 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.02 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 69.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.90 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 70.94 | |
| Zig ZAG (10): | 69.75 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 78.33 | |
| TEMA (21): | 69.65 | |
| Williams %R (14): | -33.09 | |
| Chande Momentum Oscillator (20): | 0.59 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.33 |
| MA7: | 67.30 | |
| MA20: | 63.13 | |
| MA50: | 59.02 | |
| MA100: | 64.58 | |
| MAexp7: | 69.75 | |
| MAexp20: | 69.71 | |
| MAexp50: | 69.49 | |
| MAexp100: | 68.46 | |
| Price / MA7: | +2.64% | |
| Price / MA20: | +9.42% | |
| Price / MA50: | +17.05% | |
| Price / MA100: | +6.97% | |
| Price / MAexp7: | -0.96% | |
| Price / MAexp20: | -0.90% | |
| Price / MAexp50: | -0.59% | |
| Price / MAexp100: | +0.91% |
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.
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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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