AVALANCHE - AVAX/USD - 1H - Technical analysis published on 09/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 73.68 USD
My targets
66.62 USD (-3.64%)
61.02 USD (-11.74%)
My analysis
The current short-term bearish acceleration registered on AVALANCHE - AVAX/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 73.68 USD. Short-term sellers will use the support located at 66.62 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 61.02 USD. Crossing this support would then open the door for sellers to target 55.48 USD. Caution, if there is a return to below 73.68 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AVALANCHE - AVAX/USD rating 69.14 USD. The price is lower by -9.33% since the last closing with the lowest point at 66.72 USD and the highest point at 78.41 USD. The deviation from the price is +3.63% for the low point and -11.82% for the high point.66.72
78.41
69.14
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of AVALANCHE - AVAX/USD in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 55.48 | 61.02 | 66.62 | 69.14 | 73.68 | 79.55 |
| Change (%) | -19.76% | -11.74% | -3.64% | - | +6.57% | +15.06% |
| Change | -13.66 | -8.12 | -2.52 | - | +4.54 | +10.41 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 66.18 | 69.52 | 72.88 | 76.22 | 79.58 | 82.92 | 86.28 |
| Camarilla | 74.41 | 75.02 | 75.64 | 76.25 | 76.86 | 77.48 | 78.09 |
| Woodie | 66.20 | 69.53 | 72.90 | 76.23 | 79.60 | 82.93 | 86.30 |
| Fibonacci | 69.52 | 72.08 | 73.66 | 76.22 | 78.78 | 80.36 | 82.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.23 | 38.16 | 53.48 | 64.41 | 79.73 | 90.66 | 105.98 |
| Camarilla | 61.59 | 64.00 | 66.40 | 68.81 | 71.22 | 73.62 | 76.03 |
| Woodie | 29.44 | 39.26 | 55.69 | 65.51 | 81.94 | 91.76 | 108.19 |
| Fibonacci | 38.16 | 48.18 | 54.38 | 64.41 | 74.43 | 80.63 | 90.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -29.85 | -8.22 | 15.66 | 37.29 | 61.17 | 82.80 | 106.68 |
| Camarilla | 27.02 | 31.19 | 35.36 | 39.53 | 43.70 | 47.87 | 52.05 |
| Woodie | -28.74 | -7.66 | 16.78 | 37.85 | 62.29 | 83.36 | 107.80 |
| Fibonacci | -8.22 | 9.17 | 19.91 | 37.29 | 54.68 | 65.42 | 82.80 |
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): | 35.72 | |
| MACD (12,26,9): | -0.9500 | |
| Directional Movement: | -15.78 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 72.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.61 | |
| Elder Ray (13): | -3.91 | |
| Super Trend (3,10): | 75.35 | |
| Zig ZAG (10): | 68.98 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 17.28 | |
| TEMA (21): | 71.89 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -8.01 | |
| Repulse (5,40,3): | -10.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 7.07 |
| MA7: | 67.93 | |
| MA20: | 57.52 | |
| MA50: | 42.94 | |
| MA100: | 27.47 | |
| MAexp7: | 72.74 | |
| MAexp20: | 72.91 | |
| MAexp50: | 71.99 | |
| MAexp100: | 69.64 | |
| Price / MA7: | +1.78% | |
| Price / MA20: | +20.20% | |
| Price / MA50: | +61.02% | |
| Price / MA100: | +151.69% | |
| Price / MAexp7: | -4.95% | |
| Price / MAexp20: | -5.17% | |
| Price / MAexp50: | -3.96% | |
| Price / MAexp100: | -0.72% |
Quotes :
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Real time data
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