AVALANCHE - AVAX/USD

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Type:	Cryptocurrencies
Ticker:	AVAXUSD
ISIN:

AVALANCHE - AVAX/USD - Daily - Technical analysis published on 03/18/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 77.61 USD

My targets

95.45 USD (+12.91%)

116.80 USD (+38.16%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade AVALANCHE - AVAX/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 77.61 USD. The buyers' bullish objective is set at 95.45 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 116.80 USD. If there is any crossing, the next objective would be the resistance located at 122.69 USD. If there is a bearish break in the support located at 77.61 USD some indecision would arise.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.6

Comment on the analysis

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:

Additional analysis

Quotes

AVALANCHE - AVAX/USD rating 84.54 USD. The price registered an increase of +6.33% on the session and was between 76.52 USD and 84.82 USD. This implies that the price is at +10.48% from its lowest and at -0.33% from its highest.

76.52

84.82

84.54

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USD:

Technical

Technical analysis of AVALANCHE - AVAX/USD in Daily shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

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:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	59.79	69.87	77.61	84.54	95.45	122.69	135.29
Change (%)	-29.28%	-17.35%	-8.20%	-	+12.91%	+45.13%	+60.03%
Change	-24.75	-14.67	-6.93	-	+10.91	+38.15	+50.75
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	65.97	69.58	74.54	78.15	83.11	86.72	91.68
Camarilla	77.15	77.94	78.72	79.51	80.30	81.08	81.87
Woodie	66.66	69.92	75.23	78.49	83.80	87.06	92.37
Fibonacci	69.58	72.85	74.87	78.15	81.42	83.44	86.72

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.40	63.91	67.40	73.91	77.40	83.91	87.40
Camarilla	68.13	69.05	69.96	70.88	71.80	72.71	73.63
Woodie	55.88	63.16	65.88	73.16	75.88	83.16	85.88
Fibonacci	63.91	67.73	70.09	73.91	77.73	80.09	83.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.24	48.38	66.45	82.59	100.66	116.80	134.87
Camarilla	75.10	78.24	81.37	84.51	87.65	90.78	93.92
Woodie	33.20	48.86	67.41	83.07	101.62	117.28	135.83
Fibonacci	48.38	61.45	69.53	82.59	95.66	103.74	116.80

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):	57.03
MACD (12,26,9):	-0.9800
Directional Movement:	3.00
AROON (14):	28.57
DEMA (21):	74.19
Parabolic SAR (0,02-0,02-0,2):	65.59
Elder Ray (13):	4.87
Super Trend (3,10):	88.55
Zig ZAG (10):	83.05
VORTEX (21):	1.0300
Stochastique (14,3,5):	74.30
TEMA (21):	74.43
Williams %R (14):	-6.52
Chande Momentum Oscillator (20):	10.05
Repulse (5,40,3):	15.1800
ROCnROLL:	1
TRIX (15,9):	-0.3500
Courbe Coppock:	9.32

MA7:	73.44
MA20:	75.70
MA50:	77.77
MA100:	86.03
MAexp7:	75.94
MAexp20:	75.55
MAexp50:	78.47
MAexp100:	80.28
Price / MA7:	+15.11%
Price / MA20:	+11.68%
Price / MA50:	+8.71%
Price / MA100:	-1.73%
Price / MAexp7:	+11.32%
Price / MAexp20:	+11.90%
Price / MAexp50:	+7.74%
Price / MAexp100:	+5.31%

Quotes : - Real time data - Cryptocompare

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

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