AVALANCHE - AVAX/USDT - 15 min. - Technical analysis published on 02/20/2024 (GMT)
- 95
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 39.76 USDT
My targets
37.38 USDT (-2.34%)
32.40 USDT (-15.37%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AVALANCHE - AVAX/USDT. As long as you are under the resistance located at 39.76 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 37.38 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 32.40 USDT as an objective. Crossing it would then enable sellers to target 29.53 USDT. If the resistance 39.76 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.5
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This analysis was given by Matei21. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AVALANCHE - AVAX/USDT rating 38.28 USDT. On the day, this instrument lost -3.11% and was traded between 36.92 USDT and 39.70 USDT over the period. The price is currently at +3.68% from its lowest and -3.58% from its highest.36.92
39.70
38.28
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of AVALANCHE - AVAX/USDT in 15 min. shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral 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.
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 2
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.73 | 20.94 | 29.53 | 38.28 | 38.39 | 39.13 | 39.58 |
| Change (%) | -74.58% | -45.30% | -22.86% | - | +0.29% | +2.22% | +3.40% |
| Change | -28.55 | -17.34 | -8.75 | - | +0.11 | +0.85 | +1.30 |
| Level | Major | Intermediate | Major | - | 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 | 37.38 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.38 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 0.15 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 37.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 37.44 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 38.36 | |
| Zig ZAG (10): | 38.29 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 95.86 | |
| TEMA (21): | 37.93 | |
| Williams %R (14): | -2.73 | |
| Chande Momentum Oscillator (20): | 0.98 | |
| Repulse (5,40,3): | 1.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.01 |
| MA7: | 40.26 | |
| MA20: | 38.07 | |
| MA50: | 36.08 | |
| MA100: | 33.62 | |
| MAexp7: | 38.05 | |
| MAexp20: | 37.98 | |
| MAexp50: | 38.34 | |
| MAexp100: | 38.77 | |
| Price / MA7: | -4.92% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +6.10% | |
| Price / MA100: | +13.86% | |
| Price / MAexp7: | +0.60% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -1.26% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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