AVALANCHE - AVAX/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	AVAXUSDT
ISIN:

AVALANCHE - AVAX/USDT - Daily - Technical analysis published on 11/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 20.94 USDT

My targets

23.38 USDT (+0.07%)

59.81 USDT (+156.04%)

My analysis

AVALANCHE - AVAX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.94 USDT. The next resistance located at 23.38 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 59.81 USDT. After this resistance, buyers could then target 98.04 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

Comment on the 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 kylechasse. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AVALANCHE - AVAX/USDT rating 23.36 USDT. The price has increased by +7.60% since the last closing and was between 21.71 USDT and 24.67 USDT. This implies that the price is at +7.60% from its lowest and at -5.31% from its highest.

21.71

24.67

23.36

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of AVALANCHE - AVAX/USDT in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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 shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.38	14.86	20.94	23.36	59.81	98.04	134.83
Change (%)	-47.00%	-36.39%	-10.36%	-	+156.04%	+319.69%	+477.18%
Change	-10.98	-8.50	-2.42	-	+36.45	+74.68	+111.47
Level	Intermediate	Intermediate	Minor	-	Minor	Minor	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	16.15	18.19	19.95	21.99	23.75	25.79	27.55
Camarilla	20.67	21.01	21.36	21.71	22.06	22.41	22.76
Woodie	16.01	18.12	19.81	21.92	23.61	25.72	27.41
Fibonacci	18.19	19.64	20.54	21.99	23.44	24.34	25.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.71	10.40	13.60	15.29	18.49	20.18	23.38
Camarilla	15.45	15.89	16.34	16.79	17.24	17.69	18.14
Woodie	9.46	10.78	14.35	15.67	19.24	20.56	24.13
Fibonacci	10.40	12.27	13.43	15.29	17.16	18.32	20.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.19	7.42	9.38	10.61	12.57	13.80	15.76
Camarilla	10.45	10.75	11.04	11.33	11.62	11.92	12.21
Woodie	6.55	7.60	9.74	10.79	12.93	13.98	16.12
Fibonacci	7.42	8.64	9.40	10.61	11.83	12.59	13.80

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):	81.50
MACD (12,26,9):	2.7500
Directional Movement:	42.60
AROON (14):	100.00
DEMA (21):	19.07
Parabolic SAR (0,02-0,02-0,2):	17.01
Elder Ray (13):	5.77
Super Trend (3,10):	16.64
Zig ZAG (10):	23.47
VORTEX (21):	1.3200
Stochastique (14,3,5):	89.82
TEMA (21):	20.89
Williams %R (14):	-9.61
Chande Momentum Oscillator (20):	11.10
Repulse (5,40,3):	17.8400
ROCnROLL:	1
TRIX (15,9):	2.2600
Courbe Coppock:	121.43

MA7:	19.25
MA20:	14.82
MA50:	11.78
MA100:	10.93
MAexp7:	19.54
MAexp20:	15.88
MAexp50:	13.05
MAexp100:	12.16
Price / MA7:	+21.35%
Price / MA20:	+57.62%
Price / MA50:	+98.30%
Price / MA100:	+113.72%
Price / MAexp7:	+19.55%
Price / MAexp20:	+47.10%
Price / MAexp50:	+79.00%
Price / MAexp100:	+92.11%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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