AVALANCHE - AVAX/USD
AVALANCHE - AVAX/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: AVAXUSD
ISIN:

AVALANCHE - AVAX/USD - 1H - Technical analysis published on 12/27/2021 (GMT)

  • 176
  • 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 114.40 USD
My targets
105.64 USD (-6.20%)
101.07 USD (-10.26%)
My analysis
The bearish basic trend is very strong on AVALANCHE - AVAX/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 114.40 USD. Crossing the first support at 105.64 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 101.07 USD as an objective. Crossing it would then enable sellers to target 97.57 USD. Caution, a return to above the resistance located at 114.40 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AVALANCHE - AVAX/USD rating is 112.62 USD. The price registered a decrease of -1.37% on the session and was traded between 112.02 USD and 118.05 USD over the period. The price is currently at +0.54% from its lowest and -4.60% from its highest.

112.02
118.05
112.62

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
Abnormal volumes on AVALANCHE - AVAX/USD were detected by the Central Volumes scanner:

Central Volumes

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 sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 97.57 101.07 105.64 112.62 114.40 120.24 125.73
Change (%) -13.36% -10.26% -6.20% - +1.58% +6.77% +11.64%
Change -15.05 -11.55 -6.98 - +1.78 +7.62 +13.11
Level Minor Major Minor - Minor Major Minor



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
Standard89.4997.42105.80113.73122.11130.04138.42
Camarilla109.70111.19112.69114.18115.68117.17118.67
Woodie89.7297.53106.03113.84122.34130.15138.65
Fibonacci97.42103.65107.50113.73119.96123.81130.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard75.8488.46104.32116.94132.80145.42161.28
Camarilla112.36114.97117.58120.19122.80125.41128.02
Woodie77.4789.27105.95117.75134.43146.23162.91
Fibonacci88.4699.34106.06116.94127.82134.54145.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.5344.0681.90116.43154.27188.80226.64
Camarilla99.84106.47113.11119.74126.37133.01139.64
Woodie11.1944.8983.56117.26155.93189.63228.30
Fibonacci44.0671.7188.79116.43144.08161.16188.80

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): 46.55
MACD (12,26,9): -0.2900
Directional Movement: 0.69
AROON (14): -42.86
DEMA (21): 113.63
Parabolic SAR (0,02-0,02-0,2): 117.64
Elder Ray (13): 1.01
Super Trend (3,10): 106.53
Zig ZAG (10): 112.74
VORTEX (21): 1.1000
Stochastique (14,3,5): 28.17
TEMA (21): 113.98
Williams %R (14): -84.68
Chande Momentum Oscillator (20): -3.17
Repulse (5,40,3): -4.1300
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.69
MA7: 118.12
MA20: 103.61
MA50: 104.79
MA100: 84.80
MAexp7: 113.74
MAexp20: 114.14
MAexp50: 115.09
MAexp100: 116.24
Price / MA7: -4.66%
Price / MA20: +8.70%
Price / MA50: +7.47%
Price / MA100: +32.81%
Price / MAexp7: -0.98%
Price / MAexp20: -1.33%
Price / MAexp50: -2.15%
Price / MAexp100: -3.11%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis AVALANCHE - AVAX/USD - 1H