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

AVALANCHE - AVAX/USD - Daily - Technical analysis published on 03/24/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 77.61 USD
My targets
95.45 USD (+8.84%)
104.32 USD (+18.95%)
My analysis
AVALANCHE - AVAX/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 77.61 USD. The next resistance located at 95.45 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 104.32 USD. After this resistance, buyers could then target 122.69 USD.

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
6.8

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. 1H Weekly

Additional analysis

Quotes

The AVALANCHE - AVAX/USD rating is 87.70 USD. The price has increased by +1.91% since the last closing and was between 83.72 USD and 88.27 USD. This implies that the price is at +4.75% from its lowest and at -0.65% from its highest.

83.72
88.27
87.70

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of AVALANCHE - AVAX/USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 59.79 67.95 77.61 87.70 95.45 104.32 122.69
Change (%) -31.82% -22.52% -11.51% - +8.84% +18.95% +39.90%
Change -27.91 -19.75 -10.09 - +7.75 +16.62 +34.99
Level Minor Intermediate Major - 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
Standard78.2980.2883.1785.1688.0590.0492.93
Camarilla84.7285.1785.6186.0686.5186.9687.40
Woodie78.7480.5183.6285.3988.5090.2793.38
Fibonacci80.2882.1483.3085.1687.0288.1890.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard45.9655.7872.7082.5299.44109.26126.18
Camarilla82.2884.7387.1889.6392.0894.5396.98
Woodie49.5257.5676.2684.30103.00111.04129.74
Fibonacci55.7865.9972.3082.5292.7399.04109.26


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard32.2448.3866.4582.59100.66116.80134.87
Camarilla75.1078.2481.3784.5187.6590.7893.92
Woodie33.2048.8667.4183.07101.62117.28135.83
Fibonacci48.3861.4569.5382.5995.66103.74116.80

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 59.46
MACD (12,26,9): 2.3500
Directional Movement: 9.88
AROON (14): 50.00
DEMA (21): 82.89
Parabolic SAR (0,02-0,02-0,2): 72.21
Elder Ray (13): 3.90
Super Trend (3,10): 67.38
Zig ZAG (10): 87.48
VORTEX (21): 1.0500
Stochastique (14,3,5): 75.68
TEMA (21): 85.82
Williams %R (14): -17.61
Chande Momentum Oscillator (20): 16.84
Repulse (5,40,3): 3.6600
ROCnROLL: 1
TRIX (15,9): 0.1100
Courbe Coppock: 31.81
MA7: 86.33
MA20: 77.64
MA50: 79.86
MA100: 86.21
MAexp7: 84.68
MAexp20: 80.67
MAexp50: 80.28
MAexp100: 81.06
Price / MA7: +1.59%
Price / MA20: +12.96%
Price / MA50: +9.82%
Price / MA100: +1.73%
Price / MAexp7: +3.57%
Price / MAexp20: +8.71%
Price / MAexp50: +9.24%
Price / MAexp100: +8.19%

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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