AVALANCHE - AVAX/USD - 1H - Technical analysis published on 06/16/2022 (GMT)
- 123
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Neutral between 16.32 USD and 17.18 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 16.32 USD. The first resistance is located at 17.18 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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
The AVALANCHE - AVAX/USD rating is 17.00 USD. On the day, this instrument lost -7.16% and was traded between 16.79 USD and 18.69 USD over the period. The price is currently at +1.25% from its lowest and -9.04% from its highest.16.79
18.69
17.00
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of AVALANCHE - AVAX/USD indicates that the overall trend is slightly bearish. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.55 | 16.32 | 17.00 | 17.18 | 19.30 | 21.92 |
| Change (%) | -14.41% | -4.00% | - | +1.06% | +13.53% | +28.94% |
| Change | -2.45 | -0.68 | - | +0.18 | +2.30 | +4.92 |
| Level | Intermediate | Minor | - | Intermediate | Minor | 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 | 11.79 | 13.16 | 15.73 | 17.10 | 19.67 | 21.04 | 23.61 |
| Camarilla | 17.23 | 17.59 | 17.95 | 18.31 | 18.67 | 19.03 | 19.39 |
| Woodie | 12.40 | 13.46 | 16.34 | 17.40 | 20.28 | 21.34 | 24.22 |
| Fibonacci | 13.16 | 14.66 | 15.59 | 17.10 | 18.60 | 19.53 | 21.04 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.06 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 4.40 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 17.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.59 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 16.30 | |
| Zig ZAG (10): | 16.97 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 25.21 | |
| TEMA (21): | 17.66 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.85 | |
| Repulse (5,40,3): | -4.7100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3900 | |
| Courbe Coppock: | 10.56 |
| MA7: | 18.13 | |
| MA20: | 22.57 | |
| MA50: | 34.11 | |
| MA100: | 57.76 | |
| MAexp7: | 17.25 | |
| MAexp20: | 17.14 | |
| MAexp50: | 16.79 | |
| MAexp100: | 17.36 | |
| Price / MA7: | -6.23% | |
| Price / MA20: | -24.68% | |
| Price / MA50: | -50.16% | |
| Price / MA100: | -70.57% | |
| Price / MAexp7: | -1.45% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | -2.07% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AVALANCHE - AVAX/USD - 1H