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 - Weekly - Technical analysis published on 11/20/2023 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 64.78 USD
My targets
115.50 USD (+27.10%)
124.34 USD (+36.83%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for AAVE - AAVE/USD as long as the price remains well above 64.78 USD. The buyers' bullish objective is set at 115.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 124.34 USD. If there is any crossing, the next objective would be the resistance located at 244.72 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3

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 Daily

Additional analysis

Quotes

The AAVE - AAVE/USD price is 90.87 USD. The price registered an increase of +0.14% over 5 days with the lowest point at 85.03 USD and the highest point at 98.08 USD. The deviation from the price is +6.87% for the low point and -7.35% for the high point.

85.03
98.08
90.87

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by AAVE - AAVE/USD:
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


Technical analysis of this Weekly chart of AAVE - AAVE/USD indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish 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.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Weekly


Bullish harami cross

Type : Bullish

Timeframe : Weekly




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 50.91 90.87 115.50 244.72 427.80
Change (%) -43.97% - +27.10% +169.31% +370.78%
Change -39.96 - +24.63 +153.85 +336.93
Level Major - Minor Minor Intermediate



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
Standard82.2484.1987.9189.8693.5895.5399.25
Camarilla90.0790.5991.1191.6392.1592.6793.19
Woodie83.1384.6388.8090.3094.4795.97100.14
Fibonacci84.1986.3687.6989.8692.0393.3695.53


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard57.1970.0879.0891.97100.97113.86122.86
Camarilla82.0584.0686.0688.0790.0892.0894.09
Woodie55.2469.1177.1391.0099.02112.89120.91
Fibonacci70.0878.4583.6191.97100.34105.50113.86


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): 60.42
MACD (12,26,9): 5.5900
Directional Movement: 18.67
AROON (14): 85.71
DEMA (21): 81.30
Parabolic SAR (0,02-0,02-0,2): 63.65
Elder Ray (13): 9.60
Super Trend (3,10): 59.35
Zig ZAG (10): 90.96
VORTEX (21): 1.1100
Stochastique (14,3,5): 71.29
TEMA (21): 88.83
Williams %R (14): -32.59
Chande Momentum Oscillator (20): 36.11
Repulse (5,40,3): 1.9100
ROCnROLL: 1
TRIX (15,9): 0.3800
Courbe Coppock: 71.95
MA7: 90.95
MA20: 93.80
MA50: 80.07
MA100: 69.47
MAexp7: 85.47
MAexp20: 75.83
MAexp50: 78.29
MAexp100: 113.51
Price / MA7: -0.09%
Price / MA20: -3.12%
Price / MA50: +13.49%
Price / MA100: +30.80%
Price / MAexp7: +6.32%
Price / MAexp20: +19.83%
Price / MAexp50: +16.07%
Price / MAexp100: -19.95%

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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