AAVE - AAVE/USDT - 15 min. - Technical analysis published on 02/02/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 85.71 USDT
My targets
91.02 USDT (+0.97%)
93.74 USDT (+3.98%)
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 85.71 USDT remains possible. It is advisable to trade AAVE - AAVE/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 85.71 USDT. The next bullish objective for buyers is set at 91.02 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 93.74 USDT. If there is any crossing, the next objective would be the resistance located at 99.05 USDT. PS: if there is a bearish break in the support located at 85.71 USDT 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, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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Additional analysis
Quotes
The AAVE - AAVE/USDT price is 90.15 USDT. On the day, this instrument gained +2.08% and was traded between 88.23 USDT and 92.38 USDT over the period. The price is currently at +2.18% from its lowest and -2.41% from its highest.88.23
92.38
90.15
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AAVE - AAVE/USDT:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AAVE - AAVE/USDT in 15 min. shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.57 | 85.91 | 88.83 | 90.15 | 90.32 | 96.30 | 115.75 |
| Change (%) | -7.30% | -4.70% | -1.46% | - | +0.19% | +6.82% | +28.40% |
| Change | -6.58 | -4.24 | -1.32 | - | +0.17 | +6.15 | +25.60 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | 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 | 74.96 | 77.68 | 82.99 | 85.71 | 91.02 | 93.74 | 99.05 |
| Camarilla | 86.10 | 86.84 | 87.57 | 88.31 | 89.05 | 89.78 | 90.52 |
| Woodie | 76.27 | 78.33 | 84.30 | 86.36 | 92.33 | 94.39 | 100.36 |
| Fibonacci | 77.68 | 80.74 | 82.64 | 85.71 | 88.77 | 90.67 | 93.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.18 | 72.22 | 78.23 | 84.27 | 90.28 | 96.32 | 102.33 |
| Camarilla | 80.92 | 82.02 | 83.13 | 84.23 | 85.34 | 86.44 | 87.54 |
| Woodie | 66.16 | 72.21 | 78.21 | 84.26 | 90.26 | 96.31 | 102.31 |
| Fibonacci | 72.22 | 76.83 | 79.67 | 84.27 | 88.88 | 91.72 | 96.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.19 | 35.15 | 59.04 | 75.00 | 98.89 | 114.85 | 138.74 |
| Camarilla | 71.96 | 75.61 | 79.27 | 82.92 | 86.57 | 90.23 | 93.88 |
| Woodie | 23.15 | 37.13 | 63.00 | 76.98 | 102.85 | 116.83 | 142.70 |
| Fibonacci | 35.15 | 50.38 | 59.78 | 75.00 | 90.23 | 99.63 | 114.85 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.61 | |
| MACD (12,26,9): | 0.3200 | |
| Directional Movement: | -2.29 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 91.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 92.11 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 90.38 | |
| Zig ZAG (10): | 91.05 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 18.37 | |
| TEMA (21): | 91.00 | |
| Williams %R (14): | -85.33 | |
| Chande Momentum Oscillator (20): | -1.21 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.43 |
| MA7: | 85.95 | |
| MA20: | 84.22 | |
| MA50: | 67.80 | |
| MA100: | 67.68 | |
| MAexp7: | 90.69 | |
| MAexp20: | 91.03 | |
| MAexp50: | 89.42 | |
| MAexp100: | 87.14 | |
| Price / MA7: | +4.89% | |
| Price / MA20: | +7.04% | |
| Price / MA50: | +32.96% | |
| Price / MA100: | +33.20% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +3.45% |
Quotes :
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Real time data
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Cryptocompare
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