AVALANCHE - AVAX/USDT - 15 min. - Technical analysis published on 02/16/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 42.00 USDT
My targets
40.43 USDT (-1.44%)
39.31 USDT (-4.17%)
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 42.00 USDT. The sellers' bearish objective is set at 40.43 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 39.31 USDT. In case of crossing, the next objective would be the support located at 37.74 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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Additional analysis
Quotes
The AVALANCHE - AVAX/USDT rating is 41.02 USDT. On the day, this instrument lost -1.28% and was traded between 40.94 USDT and 41.79 USDT over the period. The price is currently at +0.20% from its lowest and -1.84% from its highest.40.94
41.79
41.02
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this AVALANCHE - AVAX/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
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:
Three black crows
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.12 | 38.39 | 40.12 | 41.02 | 41.41 | 42.08 | 42.72 |
| Change (%) | -11.95% | -6.41% | -2.19% | - | +0.95% | +2.58% | +4.14% |
| Change | -4.90 | -2.63 | -0.90 | - | +0.39 | +1.06 | +1.70 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.74 | 39.31 | 40.43 | 42.00 | 43.12 | 44.69 | 45.81 |
| Camarilla | 40.81 | 41.06 | 41.30 | 41.55 | 41.80 | 42.04 | 42.29 |
| Woodie | 37.52 | 39.20 | 40.21 | 41.89 | 42.90 | 44.58 | 45.59 |
| Fibonacci | 39.31 | 40.34 | 40.97 | 42.00 | 43.03 | 43.66 | 44.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.13 | 30.89 | 35.55 | 38.31 | 42.97 | 45.73 | 50.39 |
| Camarilla | 38.16 | 38.84 | 39.52 | 40.20 | 40.88 | 41.56 | 42.24 |
| Woodie | 29.07 | 31.37 | 36.49 | 38.79 | 43.91 | 46.21 | 51.33 |
| Fibonacci | 30.89 | 33.73 | 35.48 | 38.31 | 41.15 | 42.90 | 45.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.61 | 18.42 | 25.80 | 34.61 | 41.99 | 50.80 | 58.18 |
| Camarilla | 28.72 | 30.20 | 31.69 | 33.17 | 34.65 | 36.14 | 37.62 |
| Woodie | 8.89 | 18.06 | 25.08 | 34.25 | 41.27 | 50.44 | 57.46 |
| Fibonacci | 18.42 | 24.61 | 28.43 | 34.61 | 40.80 | 44.62 | 50.80 |
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): | 33.38 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -16.30 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 41.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 41.74 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 41.75 | |
| Zig ZAG (10): | 41.02 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 15.08 | |
| TEMA (21): | 41.39 | |
| Williams %R (14): | -91.28 | |
| Chande Momentum Oscillator (20): | -0.59 | |
| Repulse (5,40,3): | -1.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.21 |
| MA7: | 40.77 | |
| MA20: | 37.18 | |
| MA50: | 36.14 | |
| MA100: | 32.69 | |
| MAexp7: | 41.38 | |
| MAexp20: | 41.51 | |
| MAexp50: | 41.64 | |
| MAexp100: | 41.72 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +10.33% | |
| Price / MA50: | +13.50% | |
| Price / MA100: | +25.48% | |
| Price / MAexp7: | -0.87% | |
| Price / MAexp20: | -1.18% | |
| Price / MAexp50: | -1.49% | |
| Price / MAexp100: | -1.68% |
Quotes :
-
Real time data
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Cryptocompare
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