AVALANCHE - AVAX/USDT - Daily - Technical analysis published on 12/10/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 100.57 USDT
My targets
76.44 USDT (-13.53%)
72.89 USDT (-17.55%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for AVALANCHE - AVAX/USDT as long as the price remains well below 100.57 USDT. The next bearish objective for sellers is set at 76.44 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 72.89 USDT. In case of crossing, the next objective would be the support located at 54.48 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 76.44 USDT. With this support, against the trend traders who want to buy AVALANCHE - AVAX/USDT on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AVALANCHE - AVAX/USDT price is 88.40 USDT. The price registered an increase of +3.44% on the session and was between 84.63 USDT and 91.75 USDT. This implies that the price is at +4.45% from its lowest and at -3.65% from its highest.84.63
91.75
88.40
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this AVALANCHE - AVAX/USDT chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 37.01 | 54.48 | 76.44 | 88.40 | 104.25 | 120.42 | 134.83 |
| Change (%) | -58.13% | -38.37% | -13.53% | - | +17.93% | +36.22% | +52.52% |
| Change | -51.39 | -33.92 | -11.96 | - | +15.85 | +32.02 | +46.43 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Major |
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 | 69.84 | 76.60 | 81.02 | 87.78 | 92.20 | 98.96 | 103.38 |
| Camarilla | 82.38 | 83.40 | 84.43 | 85.45 | 86.48 | 87.50 | 88.53 |
| Woodie | 68.68 | 76.02 | 79.86 | 87.20 | 91.04 | 98.38 | 102.22 |
| Fibonacci | 76.60 | 80.87 | 83.51 | 87.78 | 92.05 | 94.69 | 98.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.72 | 54.50 | 73.79 | 100.57 | 119.86 | 146.64 | 165.93 |
| Camarilla | 80.40 | 84.62 | 88.85 | 93.07 | 97.29 | 101.52 | 105.74 |
| Woodie | 23.97 | 52.63 | 70.04 | 98.70 | 116.11 | 144.77 | 162.18 |
| Fibonacci | 54.50 | 72.10 | 82.98 | 100.57 | 118.17 | 129.05 | 146.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -11.27 | 25.54 | 72.89 | 109.70 | 157.05 | 193.86 | 241.21 |
| Camarilla | 97.10 | 104.81 | 112.53 | 120.24 | 127.96 | 135.67 | 143.38 |
| Woodie | -6.00 | 28.18 | 78.16 | 112.34 | 162.32 | 196.50 | 246.48 |
| Fibonacci | 25.54 | 57.69 | 77.55 | 109.70 | 141.85 | 161.71 | 193.86 |
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): | 42.42 | |
| MACD (12,26,9): | -2.4300 | |
| Directional Movement: | -10.64 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 98.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.39 | |
| Elder Ray (13): | -9.09 | |
| Super Trend (3,10): | 125.50 | |
| Zig ZAG (10): | 87.63 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 22.72 | |
| TEMA (21): | 90.05 | |
| Williams %R (14): | -79.28 | |
| Chande Momentum Oscillator (20): | -22.96 | |
| Repulse (5,40,3): | -5.6900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 43.11 |
| MA7: | 89.77 | |
| MA20: | 107.69 | |
| MA50: | 92.00 | |
| MA100: | 75.49 | |
| MAexp7: | 92.25 | |
| MAexp20: | 99.31 | |
| MAexp50: | 92.45 | |
| MAexp100: | 77.57 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | -17.91% | |
| Price / MA50: | -3.91% | |
| Price / MA100: | +17.10% | |
| Price / MAexp7: | -4.17% | |
| Price / MAexp20: | -10.99% | |
| Price / MAexp50: | -4.38% | |
| Price / MAexp100: | +13.96% |
Quotes :
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Real time data
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Cryptocompare
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