AVALANCHE - AVAX/USD - 1H - Technical analysis published on 11/01/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 61.88 USD
My targets
66.15 USD (+3.68%)
67.60 USD (+5.96%)
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/USD as long as the price remains well above 61.88 USD. The buyers' bullish objective is set at 66.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67.60 USD. If there is any crossing, the next objective would be the resistance located at 69.40 USD.
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
6.6
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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
The AVALANCHE - AVAX/USD rating is 63.80 USD. The price is lower by -1.09% since the last closing with the lowest point at 62.40 USD and the highest point at 64.69 USD. The deviation from the price is +2.24% for the low point and -1.38% for the high point.62.40
64.69
63.80
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
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
Technical analysis of AVALANCHE - AVAX/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 54.18 | 57.52 | 61.88 | 63.80 | 63.94 | 66.15 | 67.60 |
| Change (%) | -15.08% | -9.84% | -3.01% | - | +0.22% | +3.68% | +5.96% |
| Change | -9.62 | -6.28 | -1.92 | - | +0.14 | +2.35 | +3.80 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57.23 | 58.69 | 61.60 | 63.06 | 65.97 | 67.43 | 70.34 |
| Camarilla | 63.30 | 63.70 | 64.10 | 64.50 | 64.90 | 65.30 | 65.70 |
| Woodie | 57.95 | 59.05 | 62.32 | 63.42 | 66.69 | 67.79 | 71.06 |
| Fibonacci | 58.69 | 60.36 | 61.39 | 63.06 | 64.73 | 65.76 | 67.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.26 | 47.89 | 55.09 | 64.72 | 71.92 | 81.55 | 88.75 |
| Camarilla | 57.66 | 59.21 | 60.75 | 62.29 | 63.83 | 65.38 | 66.92 |
| Woodie | 37.05 | 47.28 | 53.88 | 64.11 | 70.71 | 80.94 | 87.54 |
| Fibonacci | 47.89 | 54.32 | 58.29 | 64.72 | 71.15 | 75.12 | 81.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.10 | 40.12 | 52.31 | 63.33 | 75.52 | 86.54 | 98.73 |
| Camarilla | 58.12 | 60.25 | 62.37 | 64.50 | 66.63 | 68.76 | 70.88 |
| Woodie | 29.69 | 40.41 | 52.90 | 63.62 | 76.11 | 86.83 | 99.32 |
| Fibonacci | 40.12 | 48.99 | 54.46 | 63.33 | 72.20 | 77.67 | 86.54 |
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): | 58.57 | |
| MACD (12,26,9): | 0.2600 | |
| Directional Movement: | -4.36 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 63.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 64.43 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 62.11 | |
| Zig ZAG (10): | 64.16 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 60.12 | |
| TEMA (21): | 63.98 | |
| Williams %R (14): | -24.45 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.56 |
| MA7: | 64.28 | |
| MA20: | 61.48 | |
| MA50: | 62.95 | |
| MA100: | 46.72 | |
| MAexp7: | 63.64 | |
| MAexp20: | 63.44 | |
| MAexp50: | 63.29 | |
| MAexp100: | 63.64 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | +3.77% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +36.56% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +0.25% |
Quotes :
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Real time data
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