Londinia Opportunities Analyses - 09/16/2021 (GMT) AAVE - AAVE/USDT - 1H

AAVE - AAVE/USDT
- USDT (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: AAVEUSDT
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • Cryptocurrencies
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 400.12 USDT
My targets
428.67 USDT (+4.99%)
466.15 USDT (+14.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AAVE - AAVE/USDT as long as the price remains well above 400.12 USDT. The buyers' bullish objective is set at 428.67 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 466.15 USDT. If there is any crossing, the next objective would be the resistance located at 517.79 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
0
10
8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The AAVE - AAVE/USDT rating is 408.28 USDT. On the day, this instrument lost -1.55% with the lowest point at 393.32 USDT and the highest point at 414.76 USDT. The deviation from the price is +3.80% for the low point and -1.56% for the high point.

393.32
414.76
408.28

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of AAVE - AAVE/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 350.40 376.68 400.12 408.28 428.67 466.15 517.79
Change (%) -14.18% -7.74% -2.00% - +4.99% +14.17% +26.82%
Change -57.88 -31.60 -8.16 - +20.39 +57.87 +109.51
Level Major Minor 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
Standard348.53362.61388.66402.74428.79442.87468.92
Camarilla403.68407.36411.04414.72418.40422.08425.76
Woodie354.53365.60394.66405.73434.79445.86474.92
Fibonacci362.61377.94387.41402.74418.07427.54442.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard159.92232.37280.47352.92401.02473.47521.57
Camarilla295.43306.48317.53328.58339.63350.68361.73
Woodie147.76226.28268.31346.83388.86467.38509.41
Fibonacci232.37278.42306.87352.92398.97427.42473.47


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard164.30232.34312.08380.12459.86527.90607.64
Camarilla351.19364.74378.28391.83405.38418.92432.47
Woodie170.16235.27317.94383.05465.72530.83613.50
Fibonacci232.34288.79323.67380.12436.57471.45527.90

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): 63.03
MACD (12,26,9): 7.5700
Directional Movement: 19.86
AROON (14): 64.29
DEMA (21): 405.89
Parabolic SAR (0,02-0,02-0,2): 389.32
Elder Ray (13): 4.32
Super Trend (3,10): 385.64
Zig ZAG (10): 408.74
VORTEX (21): 1.1600
Stochastique (14,3,5): 67.51
TEMA (21): 406.60
Williams %R (14): -28.60
Chande Momentum Oscillator (20): 18.10
Repulse (5,40,3): 1.1000
ROCnROLL: 1
TRIX (15,9): 0.2700
Courbe Coppock: 10.72
MA7: 358.76
MA20: 371.47
MA50: 373.13
MA100: 321.02
MAexp7: 403.82
MAexp20: 395.62
MAexp50: 379.63
MAexp100: 363.97
Price / MA7: +13.80%
Price / MA20: +9.91%
Price / MA50: +9.42%
Price / MA100: +27.18%
Price / MAexp7: +1.10%
Price / MAexp20: +3.20%
Price / MAexp50: +7.55%
Price / MAexp100: +12.17%

Quotes : - Real time data - Cryptocompare