AVALANCHE - AVAX/USDT - Daily - Technical analysis published on 09/23/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8.91 USDT
My targets
7.83 USDT (-11.59%)
5.89 USDT (-33.56%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AVALANCHE - AVAX/USDT as long as the price remains well below 8.91 USDT. The sellers' bearish objective is set at 7.83 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.89 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The AVALANCHE - AVAX/USDT rating is 8.86 USDT. The price registered a decrease of -0.11% on the session with the lowest point at 8.83 USDT and the highest point at 8.94 USDT. The deviation from the price is +0.34% for the low point and -0.89% for the high point.8.83
8.94
8.86
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AVALANCHE - AVAX/USDT:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AVALANCHE - AVAX/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 8.86 | 10.46 | 14.84 | 17.69 |
| Change (%) | - | +18.06% | +67.49% | +99.66% |
| Change | - | +1.60 | +5.98 | +8.83 |
| Level | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.59 | 8.66 | 8.77 | 8.84 | 8.95 | 9.02 | 9.13 |
| Camarilla | 8.82 | 8.84 | 8.85 | 8.87 | 8.89 | 8.90 | 8.92 |
| Woodie | 8.60 | 8.67 | 8.78 | 8.85 | 8.96 | 9.03 | 9.14 |
| Fibonacci | 8.66 | 8.73 | 8.78 | 8.84 | 8.91 | 8.96 | 9.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.26 | 8.67 | 9.02 | 9.43 | 9.78 | 10.19 | 10.54 |
| Camarilla | 9.17 | 9.24 | 9.31 | 9.38 | 9.45 | 9.52 | 9.59 |
| Woodie | 8.24 | 8.66 | 9.00 | 9.42 | 9.76 | 10.18 | 10.52 |
| Fibonacci | 8.67 | 8.96 | 9.14 | 9.43 | 9.72 | 9.90 | 10.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.89 | 7.83 | 8.91 | 10.85 | 11.93 | 13.87 | 14.95 |
| Camarilla | 9.15 | 9.43 | 9.70 | 9.98 | 10.26 | 10.53 | 10.81 |
| Woodie | 5.45 | 7.62 | 8.47 | 10.64 | 11.49 | 13.66 | 14.51 |
| Fibonacci | 7.83 | 8.99 | 9.70 | 10.85 | 12.01 | 12.72 | 13.87 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.68 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -22.17 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 8.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.14 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 9.80 | |
| Zig ZAG (10): | 8.86 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 8.54 | |
| TEMA (21): | 8.84 | |
| Williams %R (14): | -89.14 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | -1.7000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6300 | |
| Courbe Coppock: | 15.30 |
| MA7: | 9.00 | |
| MA20: | 9.40 | |
| MA50: | 10.43 | |
| MA100: | 11.77 | |
| MAexp7: | 9.01 | |
| MAexp20: | 9.40 | |
| MAexp50: | 10.33 | |
| MAexp100: | 11.57 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | -5.74% | |
| Price / MA50: | -15.05% | |
| Price / MA100: | -24.72% | |
| Price / MAexp7: | -1.66% | |
| Price / MAexp20: | -5.74% | |
| Price / MAexp50: | -14.23% | |
| Price / MAexp100: | -23.42% |
Quotes :
-
Real time data
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Cryptocompare
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