AAVE - AAVE/USD
AAVE - AAVE/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: AAVEUSD
ISIN:

AAVE - AAVE/USD - Daily - Technical analysis published on 11/18/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 81.24 USD
My targets
89.23 USD (+2.52%)
100.77 USD (+15.77%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AAVE - AAVE/USD. As long as you are above the support located at 81.24 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 89.23 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 100.77 USD as an objective. Crossing it would then enable buyers to target 115.50 USD. If the support 81.24 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.5

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 SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The AAVE - AAVE/USD price is 87.04 USD. The price registered a decrease of -1.75% on the session with the lowest point at 86.56 USD and the highest point at 88.86 USD. The deviation from the price is +0.55% for the low point and -2.05% for the high point.

86.56
88.86
87.04

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.

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 Daily of this AAVE - AAVE/USD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 50.91 62.14 81.24 87.04 89.23 100.77 115.50
Change (%) -41.51% -28.61% -6.66% - +2.52% +15.77% +32.70%
Change -36.13 -24.90 -5.80 - +2.19 +13.73 +28.46
Level Major Major Intermediate - Intermediate 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
Standard76.1680.6084.5989.0393.0297.46101.45
Camarilla86.2787.0587.8288.5989.3690.1490.91
Woodie75.9580.4984.3888.9292.8197.35101.24
Fibonacci80.6083.8285.8189.0392.2594.2497.46


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63.0775.1185.9397.97108.79120.83131.65
Camarilla90.4792.5794.6796.7698.86100.95103.05
Woodie62.4774.8185.3397.67108.19120.53131.05
Fibonacci75.1183.8489.2397.97106.70112.09120.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.0048.0664.7877.8494.56107.62124.34
Camarilla73.3176.0478.7781.5084.2386.9689.69
Woodie36.8348.9866.6178.7696.39108.54126.17
Fibonacci48.0659.4466.4677.8489.2296.24107.62

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): 47.74
MACD (12,26,9): 3.3100
Directional Movement: 11.81
AROON (14): -57.15
DEMA (21): 96.00
Parabolic SAR (0,02-0,02-0,2): 103.35
Elder Ray (13): -4.23
Super Trend (3,10): 77.80
Zig ZAG (10): 86.63
VORTEX (21): 1.0500
Stochastique (14,3,5): 14.75
TEMA (21): 94.18
Williams %R (14): -93.15
Chande Momentum Oscillator (20): -13.45
Repulse (5,40,3): -7.4000
ROCnROLL: -1
TRIX (15,9): 0.9900
Courbe Coppock: 6.21
MA7: 92.22
MA20: 92.86
MA50: 79.19
MA100: 68.95
MAexp7: 91.27
MAexp20: 90.50
MAexp50: 82.06
MAexp100: 75.16
Price / MA7: -5.62%
Price / MA20: -6.27%
Price / MA50: +9.91%
Price / MA100: +26.24%
Price / MAexp7: -4.63%
Price / MAexp20: -3.82%
Price / MAexp50: +6.07%
Price / MAexp100: +15.81%

Quotes : - Real time data - Cryptocompare

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

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