AVALANCHE - AVAX/USD - 1H - Technical analysis published on 01/12/2022 (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:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 91.13 USD
My targets
96.99 USD (+3.59%)
101.83 USD (+8.76%)
My analysis
The bullish trend is currently very strong on AVALANCHE - AVAX/USD. As long as the price remains above the support at 91.13 USD, you could try to benefit from the boom. The first bullish objective is located at 96.99 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 101.83 USD as an objective. Crossing it would then enable buyers to target 109.22 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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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 price is 93.63 USD. The price registered an increase of +4.53% on the session and was traded between 88.91 USD and 94.90 USD over the period. The price is currently at +5.31% from its lowest and -1.34% from its highest.88.91
94.90
93.63
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
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 a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 84.85 | 87.28 | 91.13 | 93.63 | 96.99 | 101.83 | 109.22 |
| Change (%) | -9.38% | -6.78% | -2.67% | - | +3.59% | +8.76% | +16.65% |
| Change | -8.78 | -6.35 | -2.50 | - | +3.36 | +8.20 | +15.59 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 77.15 | 80.22 | 84.89 | 87.96 | 92.63 | 95.70 | 100.37 |
| Camarilla | 87.44 | 88.15 | 88.86 | 89.57 | 90.28 | 90.99 | 91.70 |
| Woodie | 77.96 | 80.62 | 85.70 | 88.36 | 93.44 | 96.10 | 101.18 |
| Fibonacci | 80.22 | 83.17 | 85.00 | 87.96 | 90.91 | 92.74 | 95.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.37 | 55.31 | 69.61 | 93.55 | 107.85 | 131.79 | 146.09 |
| Camarilla | 73.39 | 76.90 | 80.41 | 83.91 | 87.42 | 90.92 | 94.43 |
| Woodie | 26.55 | 52.90 | 64.79 | 91.14 | 103.03 | 129.38 | 141.27 |
| Fibonacci | 55.31 | 69.92 | 78.94 | 93.55 | 108.16 | 117.18 | 131.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.22 | 46.13 | 77.74 | 103.65 | 135.26 | 161.17 | 192.78 |
| Camarilla | 93.54 | 98.82 | 104.09 | 109.36 | 114.63 | 119.91 | 125.18 |
| Woodie | 23.08 | 47.56 | 80.60 | 105.08 | 138.12 | 162.60 | 195.64 |
| Fibonacci | 46.13 | 68.10 | 81.67 | 103.65 | 125.62 | 139.19 | 161.17 |
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): | 76.39 | |
| MACD (12,26,9): | 1.5500 | |
| Directional Movement: | 29.32 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 92.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.66 | |
| Elder Ray (13): | 3.28 | |
| Super Trend (3,10): | 90.26 | |
| Zig ZAG (10): | 93.70 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 79.73 | |
| TEMA (21): | 92.88 | |
| Williams %R (14): | -12.85 | |
| Chande Momentum Oscillator (20): | 4.65 | |
| Repulse (5,40,3): | 3.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 6.16 |
| MA7: | 89.07 | |
| MA20: | 102.23 | |
| MA50: | 103.33 | |
| MA100: | 89.84 | |
| MAexp7: | 92.18 | |
| MAexp20: | 90.23 | |
| MAexp50: | 88.51 | |
| MAexp100: | 88.76 | |
| Price / MA7: | +5.12% | |
| Price / MA20: | -8.41% | |
| Price / MA50: | -9.39% | |
| Price / MA100: | +4.22% | |
| Price / MAexp7: | +1.57% | |
| Price / MAexp20: | +3.77% | |
| Price / MAexp50: | +5.78% | |
| Price / MAexp100: | +5.49% |
Quotes :
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Real time data
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