AVALANCHE - AVAX/USD - 1H - Technical analysis published on 04/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 67.95 USD and 73.17 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 73.17 USD. The first support is located at 67.95 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by AVALANCHE - AVAX/USD.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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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 70.44 USD. On the day, this instrument gained +2.52% and was traded between 68.37 USD and 70.94 USD over the period. The price is currently at +3.03% from its lowest and -0.70% from its highest.68.37
70.94
70.44
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AVALANCHE - AVAX/USD in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 59.79 | 67.95 | 70.44 | 73.17 | 77.61 | 81.24 |
| Change (%) | -15.12% | -3.53% | - | +3.88% | +10.18% | +15.33% |
| Change | -10.65 | -2.49 | - | +2.73 | +7.17 | +10.80 |
| Level | Minor | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.80 | 64.17 | 66.44 | 69.81 | 72.08 | 75.45 | 77.72 |
| Camarilla | 67.16 | 67.68 | 68.19 | 68.71 | 69.23 | 69.74 | 70.26 |
| Woodie | 60.25 | 63.90 | 65.89 | 69.54 | 71.53 | 75.18 | 77.17 |
| Fibonacci | 64.17 | 66.32 | 67.66 | 69.81 | 71.96 | 73.30 | 75.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.87 | 65.86 | 69.33 | 75.32 | 78.79 | 84.78 | 88.25 |
| Camarilla | 70.21 | 71.08 | 71.94 | 72.81 | 73.68 | 74.54 | 75.41 |
| Woodie | 58.62 | 65.23 | 68.08 | 74.69 | 77.54 | 84.15 | 87.00 |
| Fibonacci | 65.86 | 69.47 | 71.70 | 75.32 | 78.93 | 81.16 | 84.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.30 | 51.95 | 74.69 | 88.34 | 111.08 | 124.73 | 147.47 |
| Camarilla | 87.43 | 90.77 | 94.10 | 97.44 | 100.78 | 104.11 | 107.45 |
| Woodie | 42.86 | 54.22 | 79.25 | 90.61 | 115.64 | 127.00 | 152.03 |
| Fibonacci | 51.95 | 65.85 | 74.44 | 88.34 | 102.24 | 110.83 | 124.73 |
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): | 52.43 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | -1.11 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 69.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.30 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 71.02 | |
| Zig ZAG (10): | 70.39 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 84.11 | |
| TEMA (21): | 70.28 | |
| Williams %R (14): | -17.12 | |
| Chande Momentum Oscillator (20): | 1.62 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 4.14 |
| MA7: | 72.21 | |
| MA20: | 76.46 | |
| MA50: | 81.42 | |
| MA100: | 79.24 | |
| MAexp7: | 70.25 | |
| MAexp20: | 69.93 | |
| MAexp50: | 70.32 | |
| MAexp100: | 71.36 | |
| Price / MA7: | -2.45% | |
| Price / MA20: | -7.87% | |
| Price / MA50: | -13.49% | |
| Price / MA100: | -11.11% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | -1.29% |
Quotes :
-
Real time data
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