AVALANCHE - AVAX/USD - 1H - Technical analysis published on 11/26/2021 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 112.75 USD
My targets
98.73 USD (-6.35%)
97.14 USD (-7.86%)
My analysis
The bearish trend is currently very strong for AVALANCHE - AVAX/USD. As long as the price remains below the resistance at 112.75 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 98.73 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 97.14 USD as an objective. Crossing it would then enable sellers to target 92.15 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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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 105.43 USD. The price is lower by -11.52% since the last closing with the lowest point at 101.91 USD and the highest point at 132.03 USD. The deviation from the price is +3.45% for the low point and -20.15% for the high point.101.91
132.03
105.43
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USD:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AVALANCHE - AVAX/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 92.15 | 97.14 | 105.02 | 105.43 | 112.75 | 119.44 | 126.37 |
| Change (%) | -12.60% | -7.86% | -0.39% | - | +6.94% | +13.29% | +19.86% |
| Change | -13.28 | -8.29 | -0.41 | - | +7.32 | +14.01 | +20.94 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.70 | 102.04 | 110.60 | 122.94 | 131.50 | 143.84 | 152.40 |
| Camarilla | 113.41 | 115.33 | 117.24 | 119.16 | 121.08 | 122.99 | 124.91 |
| Woodie | 87.81 | 101.10 | 108.71 | 122.00 | 129.61 | 142.90 | 150.51 |
| Fibonacci | 102.04 | 110.02 | 114.96 | 122.94 | 130.92 | 135.86 | 143.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.74 | 57.86 | 91.80 | 117.92 | 151.86 | 177.98 | 211.92 |
| Camarilla | 109.22 | 114.73 | 120.24 | 125.74 | 131.25 | 136.75 | 142.26 |
| Woodie | 35.65 | 59.82 | 95.71 | 119.88 | 155.77 | 179.94 | 215.83 |
| Fibonacci | 57.86 | 80.80 | 94.98 | 117.92 | 140.86 | 155.04 | 177.98 |
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): | 30.41 | |
| MACD (12,26,9): | -3.5300 | |
| Directional Movement: | -1.80 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 113.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 123.21 | |
| Elder Ray (13): | -9.34 | |
| Super Trend (3,10): | 126.71 | |
| Zig ZAG (10): | 104.97 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 12.17 | |
| TEMA (21): | 110.42 | |
| Williams %R (14): | -78.69 | |
| Chande Momentum Oscillator (20): | -10.98 | |
| Repulse (5,40,3): | -3.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 16.48 |
| MA7: | 122.21 | |
| MA20: | 103.93 | |
| MA50: | 79.40 | |
| MA100: | 67.38 | |
| MAexp7: | 111.68 | |
| MAexp20: | 116.78 | |
| MAexp50: | 120.65 | |
| MAexp100: | 122.46 | |
| Price / MA7: | -13.73% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | +32.78% | |
| Price / MA100: | +56.47% | |
| Price / MAexp7: | -5.60% | |
| Price / MAexp20: | -9.72% | |
| Price / MAexp50: | -12.62% | |
| Price / MAexp100: | -13.91% |
Quotes :
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Real time data
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