AVALANCHE - AVAX/BTC - 1H - Technical analysis published on 11/17/2023 (GMT)
- 89
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.000627 BTC
My targets
0.000923 BTC (+42.44%)
0.001704 BTC (+162.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AVALANCHE - AVAX/BTC as long as the price remains well above 0.000627 BTC. The buyers' bullish objective is set at 0.000923 BTC. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.001704 BTC. If there is any crossing, the next objective would be the resistance located at 0.002180 BTC. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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 kylechasse. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AVALANCHE - AVAX/BTC price is 0.000648 BTC. The price has increased by +8.00% since the last closing and was traded between 0.000600 BTC and 0.000675 BTC over the period. The price is currently at +8.00% from its lowest and -4.00% from its highest.0.000600
0.000675
0.000648
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AVALANCHE - AVAX/BTC in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.000545 | 0.000593 | 0.000646 | 0.000648 | 0.000923 | 0.001704 | 0.002180 |
| Change (%) | -15.90% | -8.49% | -0.31% | - | +42.44% | +162.96% | +236.42% |
| Change | -0.000103 | -0.000055 | -0.000002 | - | +0.000275 | +0.001056 | +0.001532 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000435 | 0.000487 | 0.000543 | 0.000595 | 0.000651 | 0.000703 | 0.000759 |
| Camarilla | 0.000570 | 0.000580 | 0.000590 | 0.000600 | 0.000610 | 0.000620 | 0.000630 |
| Woodie | 0.000438 | 0.000488 | 0.000546 | 0.000596 | 0.000654 | 0.000704 | 0.000762 |
| Fibonacci | 0.000487 | 0.000528 | 0.000553 | 0.000595 | 0.000636 | 0.000661 | 0.000703 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000240 | 0.000285 | 0.000369 | 0.000414 | 0.000498 | 0.000543 | 0.000627 |
| Camarilla | 0.000418 | 0.000429 | 0.000441 | 0.000453 | 0.000465 | 0.000477 | 0.000489 |
| Woodie | 0.000260 | 0.000295 | 0.000389 | 0.000424 | 0.000518 | 0.000553 | 0.000647 |
| Fibonacci | 0.000285 | 0.000334 | 0.000365 | 0.000414 | 0.000463 | 0.000494 | 0.000543 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000149 | 0.000224 | 0.000275 | 0.000350 | 0.000401 | 0.000476 | 0.000527 |
| Camarilla | 0.000292 | 0.000304 | 0.000316 | 0.000327 | 0.000339 | 0.000350 | 0.000362 |
| Woodie | 0.000138 | 0.000218 | 0.000264 | 0.000344 | 0.000390 | 0.000470 | 0.000516 |
| Fibonacci | 0.000224 | 0.000272 | 0.000302 | 0.000350 | 0.000398 | 0.000428 | 0.000476 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.55 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.140798 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.000651 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000607 | |
| Elder Ray (13): | 0.000010 | |
| Super Trend (3,10): | 0.000594 | |
| Zig ZAG (10): | 0.000650 | |
| VORTEX (21): | 1.0647 | |
| Stochastique (14,3,5): | 71.79 | |
| TEMA (21): | 0.000650 | |
| Williams %R (14): | -26.37 | |
| Chande Momentum Oscillator (20): | 0.000033 | |
| Repulse (5,40,3): | 1.2665 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4056 | |
| Courbe Coppock: | 6.82 |
| MA7: | 0.000526 | |
| MA20: | 0.000413 | |
| MA50: | 0.000367 | |
| MA100: | 0.000372 | |
| MAexp7: | 0.000644 | |
| MAexp20: | 0.000627 | |
| MAexp50: | 0.000592 | |
| MAexp100: | 0.000548 | |
| Price / MA7: | +23.19% | |
| Price / MA20: | +56.90% | |
| Price / MA50: | +76.57% | |
| Price / MA100: | +74.19% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +3.35% | |
| Price / MAexp50: | +9.46% | |
| Price / MAexp100: | +18.25% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis AVALANCHE - AVAX/BTC - 1H