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
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This analysis was given by SprangsOpportunities. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 76.16 | 80.60 | 84.59 | 89.03 | 93.02 | 97.46 | 101.45 |
| Camarilla | 86.27 | 87.05 | 87.82 | 88.59 | 89.36 | 90.14 | 90.91 |
| Woodie | 75.95 | 80.49 | 84.38 | 88.92 | 92.81 | 97.35 | 101.24 |
| Fibonacci | 80.60 | 83.82 | 85.81 | 89.03 | 92.25 | 94.24 | 97.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.07 | 75.11 | 85.93 | 97.97 | 108.79 | 120.83 | 131.65 |
| Camarilla | 90.47 | 92.57 | 94.67 | 96.76 | 98.86 | 100.95 | 103.05 |
| Woodie | 62.47 | 74.81 | 85.33 | 97.67 | 108.19 | 120.53 | 131.05 |
| Fibonacci | 75.11 | 83.84 | 89.23 | 97.97 | 106.70 | 112.09 | 120.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35.00 | 48.06 | 64.78 | 77.84 | 94.56 | 107.62 | 124.34 |
| Camarilla | 73.31 | 76.04 | 78.77 | 81.50 | 84.23 | 86.96 | 89.69 |
| Woodie | 36.83 | 48.98 | 66.61 | 78.76 | 96.39 | 108.54 | 126.17 |
| Fibonacci | 48.06 | 59.44 | 66.46 | 77.84 | 89.22 | 96.24 | 107.62 |
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 :
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Real time data
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