AVALANCHE - AVAX/USD - 15 min. - Technical analysis published on 10/21/2021 (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:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 61.88 USD
My targets
59.29 USD (-2.08%)
57.00 USD (-5.86%)
My analysis
The strong short-term decline of AVALANCHE - AVAX/USD reinforces the current slightly bearish trend. As long as the price remains below 61.88 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 59.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 57.00 USD as an objective. Crossing it would then enable sellers to target 54.41 USD. A return to above 61.88 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
4.6
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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 60.55 USD. On the day, this instrument gained +1.61% and was between 59.24 USD and 64.39 USD. This implies that the price is at +2.21% from its lowest and at -5.96% from its highest.59.24
64.39
60.55
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 15 min. of this AVALANCHE - AVAX/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.18 | 56.78 | 58.43 | 60.55 | 61.50 | 69.40 | 76.25 |
| Change (%) | -10.52% | -6.23% | -3.50% | - | +1.57% | +14.62% | +25.93% |
| Change | -6.37 | -3.77 | -2.12 | - | +0.95 | +8.85 | +15.70 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.12 | 54.41 | 57.00 | 59.29 | 61.88 | 64.17 | 66.76 |
| Camarilla | 58.25 | 58.70 | 59.14 | 59.59 | 60.04 | 60.49 | 60.93 |
| Woodie | 52.27 | 54.49 | 57.15 | 59.37 | 62.03 | 64.25 | 66.91 |
| Fibonacci | 54.41 | 56.27 | 57.43 | 59.29 | 61.15 | 62.31 | 64.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.75 | 45.95 | 51.73 | 56.93 | 62.71 | 67.91 | 73.69 |
| Camarilla | 54.50 | 55.51 | 56.51 | 57.52 | 58.53 | 59.53 | 60.54 |
| Woodie | 41.05 | 46.10 | 52.03 | 57.08 | 63.01 | 68.06 | 73.99 |
| Fibonacci | 45.95 | 50.14 | 52.73 | 56.93 | 61.12 | 63.71 | 67.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -6.34 | 13.36 | 40.14 | 59.84 | 86.62 | 106.32 | 133.10 |
| Camarilla | 54.13 | 58.39 | 62.65 | 66.91 | 71.17 | 75.43 | 79.69 |
| Woodie | -2.81 | 15.13 | 43.67 | 61.61 | 90.15 | 108.09 | 136.63 |
| Fibonacci | 13.36 | 31.12 | 42.09 | 59.84 | 77.60 | 88.57 | 106.32 |
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): | 37.03 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -21.61 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 61.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 62.29 | |
| Elder Ray (13): | -1.06 | |
| Super Trend (3,10): | 62.30 | |
| Zig ZAG (10): | 60.31 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 33.14 | |
| TEMA (21): | 62.23 | |
| Williams %R (14): | -74.79 | |
| Chande Momentum Oscillator (20): | -1.70 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.69 |
| MA7: | 57.67 | |
| MA20: | 59.49 | |
| MA50: | 58.96 | |
| MA100: | 40.74 | |
| MAexp7: | 62.15 | |
| MAexp20: | 61.70 | |
| MAexp50: | 61.67 | |
| MAexp100: | 60.87 | |
| Price / MA7: | +4.99% | |
| Price / MA20: | +1.78% | |
| Price / MA50: | +2.70% | |
| Price / MA100: | +48.63% | |
| Price / MAexp7: | -2.57% | |
| Price / MAexp20: | -1.86% | |
| Price / MAexp50: | -1.82% | |
| Price / MAexp100: | -0.53% |
Quotes :
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Real time data
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