AVALANCHE - AVAX/USDT - 15 min. - Technical analysis published on 02/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 38.88 USDT
My targets
37.38 USDT (-1.02%)
32.40 USDT (-14.23%)
My analysis
AVALANCHE - AVAX/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 38.88 USDT. The next support located at 37.38 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 32.40 USDT. Below this support, sellers could then target 29.53 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AVALANCHE - AVAX/USDT price is 37.77 USDT. On the day, this instrument lost -4.40% and was between 36.92 USDT and 39.70 USDT. This implies that the price is at +2.30% from its lowest and at -4.86% from its highest.36.92
39.70
37.77
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of AVALANCHE - AVAX/USDT in 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by 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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.73 | 20.94 | 29.53 | 37.77 | 38.39 | 39.13 | 39.58 |
| Change (%) | -74.24% | -44.56% | -21.82% | - | +1.64% | +3.60% | +4.79% |
| Change | -28.04 | -16.83 | -8.24 | - | +0.62 | +1.36 | +1.81 |
| Level | Major | Intermediate | Major | - | 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 | 37.38 | 38.26 | 38.88 | 39.76 | 40.38 | 41.26 | 41.88 |
| Camarilla | 39.10 | 39.24 | 39.37 | 39.51 | 39.65 | 39.79 | 39.92 |
| Woodie | 37.26 | 38.20 | 38.76 | 39.70 | 40.26 | 41.20 | 41.76 |
| Fibonacci | 38.26 | 38.83 | 39.18 | 39.76 | 40.33 | 40.68 | 41.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.40 | 35.39 | 37.58 | 40.57 | 42.76 | 45.75 | 47.94 |
| Camarilla | 38.34 | 38.81 | 39.29 | 39.76 | 40.24 | 40.71 | 41.19 |
| Woodie | 31.99 | 35.19 | 37.17 | 40.37 | 42.35 | 45.55 | 47.53 |
| Fibonacci | 35.39 | 37.37 | 38.60 | 40.57 | 42.55 | 43.78 | 45.75 |
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): | 41.37 | |
| MACD (12,26,9): | -0.3600 | |
| Directional Movement: | -18.57 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 37.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.97 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 38.36 | |
| Zig ZAG (10): | 37.69 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 52.54 | |
| TEMA (21): | 37.29 | |
| Williams %R (14): | -37.77 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.8900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 4.57 |
| MA7: | 40.21 | |
| MA20: | 38.04 | |
| MA50: | 36.07 | |
| MA100: | 33.62 | |
| MAexp7: | 37.61 | |
| MAexp20: | 37.88 | |
| MAexp50: | 38.42 | |
| MAexp100: | 38.85 | |
| Price / MA7: | -6.07% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | +4.71% | |
| Price / MA100: | +12.34% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -1.69% | |
| Price / MAexp100: | -2.78% |
Quotes :
-
Real time data
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