AVALANCHE - AVAX/USD - 1H - Technical analysis published on 06/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 17.08 USD
My targets
15.65 USD (-3.69%)
14.58 USD (-10.28%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 17.08 USD remains possible. It is advisable to trade AVALANCHE - AVAX/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 17.08 USD. The next bearish objective for sellers is set at 15.65 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.58 USD. PS: if there is a bullish break in the resistance located at 17.08 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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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 rating is 16.25 USD. On the day, this instrument gained +1.06% and was between 14.65 USD and 17.25 USD. This implies that the price is at +10.92% from its lowest and at -5.80% from its highest.14.65
17.25
16.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
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 an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.58 | 15.65 | 16.25 | 19.30 | 22.84 | 27.74 |
| Change (%) | -10.28% | -3.69% | - | +18.77% | +40.55% | +70.71% |
| Change | -1.67 | -0.60 | - | +3.05 | +6.59 | +11.49 |
| Level | Major | Minor | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.71 | 13.15 | 14.61 | 16.05 | 17.51 | 18.95 | 20.41 |
| Camarilla | 15.28 | 15.55 | 15.81 | 16.08 | 16.35 | 16.61 | 16.88 |
| Woodie | 11.73 | 13.16 | 14.63 | 16.06 | 17.53 | 18.96 | 20.43 |
| Fibonacci | 13.15 | 14.25 | 14.94 | 16.05 | 17.15 | 17.84 | 18.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.99 | 14.32 | 17.08 | 22.41 | 25.17 | 30.50 | 33.26 |
| Camarilla | 17.62 | 18.36 | 19.10 | 19.84 | 20.58 | 21.32 | 22.07 |
| Woodie | 7.71 | 13.68 | 15.80 | 21.77 | 23.89 | 29.86 | 31.98 |
| Fibonacci | 14.32 | 17.41 | 19.32 | 22.41 | 25.50 | 27.41 | 30.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -39.47 | -9.06 | 8.67 | 39.08 | 56.81 | 87.22 | 104.95 |
| Camarilla | 13.17 | 17.58 | 22.00 | 26.41 | 30.82 | 35.24 | 39.65 |
| Woodie | -45.80 | -12.23 | 2.34 | 35.91 | 50.48 | 84.05 | 98.62 |
| Fibonacci | -9.06 | 9.33 | 20.69 | 39.08 | 57.47 | 68.83 | 87.22 |
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): | 53.84 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 4.39 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 16.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.41 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 14.54 | |
| Zig ZAG (10): | 16.41 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 65.77 | |
| TEMA (21): | 16.62 | |
| Williams %R (14): | -37.31 | |
| Chande Momentum Oscillator (20): | 0.82 | |
| Repulse (5,40,3): | -2.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 7.69 |
| MA7: | 20.05 | |
| MA20: | 23.11 | |
| MA50: | 36.18 | |
| MA100: | 58.86 | |
| MAexp7: | 16.36 | |
| MAexp20: | 16.30 | |
| MAexp50: | 16.85 | |
| MAexp100: | 18.38 | |
| Price / MA7: | -18.95% | |
| Price / MA20: | -29.68% | |
| Price / MA50: | -55.09% | |
| Price / MA100: | -72.39% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -3.56% | |
| Price / MAexp100: | -11.59% |
Quotes :
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Real time data
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