AVALANCHE - AVAX/USD - 1H - Technical analysis published on 11/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 105.02 USD
My targets
110.59 USD (+3.01%)
116.04 USD (+8.08%)
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 105.02 USD. The buyers' bullish objective is set at 110.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 116.04 USD. 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
8
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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 107.36 USD. The price registered an increase of +8.04% on the session and was traded between 94.34 USD and 109.72 USD over the period. The price is currently at +13.80% from its lowest and -2.15% from its highest.94.34
109.72
107.36
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this AVALANCHE - AVAX/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 93.74 | 97.14 | 105.02 | 107.36 | 110.59 | 116.04 |
| Change (%) | -12.69% | -9.52% | -2.18% | - | +3.01% | +8.08% |
| Change | -13.62 | -10.22 | -2.34 | - | +3.23 | +8.68 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 72.19 | 82.17 | 90.77 | 100.75 | 109.35 | 119.33 | 127.93 |
| Camarilla | 94.26 | 95.96 | 97.67 | 99.37 | 101.07 | 102.78 | 104.48 |
| Woodie | 71.50 | 81.83 | 90.08 | 100.41 | 108.66 | 118.99 | 127.24 |
| Fibonacci | 82.17 | 89.27 | 93.65 | 100.75 | 107.85 | 112.23 | 119.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 44.05 | 61.04 | 81.41 | 98.40 | 118.77 | 135.76 | 156.13 |
| Camarilla | 91.51 | 94.93 | 98.36 | 101.78 | 105.21 | 108.63 | 112.05 |
| Woodie | 45.74 | 61.89 | 83.10 | 99.25 | 120.46 | 136.61 | 157.82 |
| Fibonacci | 61.04 | 75.31 | 84.13 | 98.40 | 112.67 | 121.49 | 135.76 |
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): | 60.87 | |
| MACD (12,26,9): | 1.6700 | |
| Directional Movement: | 11.83 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 104.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 100.16 | |
| Elder Ray (13): | 3.03 | |
| Super Trend (3,10): | 110.15 | |
| Zig ZAG (10): | 106.42 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 87.41 | |
| TEMA (21): | 106.54 | |
| Williams %R (14): | -14.17 | |
| Chande Momentum Oscillator (20): | 11.29 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 14.74 |
| MA7: | 100.05 | |
| MA20: | 84.23 | |
| MA50: | 70.73 | |
| MA100: | 58.88 | |
| MAexp7: | 105.70 | |
| MAexp20: | 103.35 | |
| MAexp50: | 101.84 | |
| MAexp100: | 99.70 | |
| Price / MA7: | +7.31% | |
| Price / MA20: | +27.46% | |
| Price / MA50: | +51.79% | |
| Price / MA100: | +82.34% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +3.88% | |
| Price / MAexp50: | +5.42% | |
| Price / MAexp100: | +7.68% |
Quotes :
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Real time data
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