Londinia Opportunities Analyses - 09/16/2021 (GMT) AVALANCHE - AVAX/BTC - Daily

AVALANCHE - AVAX/BTC
- BTC (-)
- Real time data - Cryptocompare
Type: Cryptocurrencies
Ticker: AVAXBTC
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • Cryptocurrencies
  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.001165 BTC
My targets
0.001269 BTC (+4.33%)
0.001474 BTC (+21.22%)
My analysis
The bullish trend is currently very strong on AVALANCHE - AVAX/BTC. As long as the price remains above the support at 0.001165 BTC, you could try to benefit from the boom. The first bullish objective is located at 0.001269 BTC. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.001474 BTC as an objective. Crossing it would then enable buyers to target 0.001699 BTC. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.2

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Additional analysis

Quotes

The AVALANCHE - AVAX/BTC price is 0.001216 BTC. On the day, this instrument gained +1.08% and was traded between 0.001188 BTC and 0.001296 BTC over the period. The price is currently at +2.36% from its lowest and -6.17% from its highest.

0.001188
0.001296
0.001216

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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/BTC in Journalier shows a strongly overall bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 0.000625 0.000860 0.001165 0.001216
Change (%) -48.60% -29.28% -4.19% -
Change -0.000591 -0.000356 -0.000051 -
Level Minor Major Major -



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0009760.0010230.0011130.0011600.0012500.0012970.001387
Camarilla0.0011650.0011780.0011900.0012030.0012160.0012280.001241
Woodie0.0009980.0010340.0011350.0011710.0012720.0013080.001409
Fibonacci0.0010230.0010750.0011080.0011600.0012120.0012450.001297


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0003040.0005140.0008890.0010990.0014740.0016840.002059
Camarilla0.0011030.0011570.0012100.0012640.0013180.0013710.001425
Woodie0.0003870.0005550.0009720.0011400.0015570.0017250.002142
Fibonacci0.0005140.0007380.0008760.0010990.0013230.0014610.001684


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.000541-0.0001110.0003640.0007940.0012690.0016990.002174
Camarilla0.0005890.0006720.0007550.0008380.0009210.0010040.001087
Woodie-0.000520-0.0001000.0003860.0008050.0012910.0017100.002196
Fibonacci-0.0001110.0002350.0004490.0007940.0011400.0013540.001699

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): 64.36
MACD (12,26,9): 0.0001
Directional Movement: 20.072737
AROON (14): 35.714287
DEMA (21): 0.001189
Parabolic SAR (0,02-0,02-0,2): 0.000905
Elder Ray (13): 0.000155
Super Trend (3,10): 0.000847
Zig ZAG (10): 0.001235
VORTEX (21): 1.0994
Stochastique (14,3,5): 63.26
TEMA (21): 0.001211
Williams %R (14): -29.09
Chande Momentum Oscillator (20): 0.000285
Repulse (5,40,3): 3.9487
ROCnROLL: 1
TRIX (15,9): 2.1176
Courbe Coppock: 50.62
MA7: 0.001193
MA20: 0.001005
MA50: 0.000723
MA100: 0.000536
MAexp7: 0.001152
MAexp20: 0.001020
MAexp50: 0.000811
MAexp100: 0.000661
Price / MA7: +1.93%
Price / MA20: +21.00%
Price / MA50: +68.19%
Price / MA100: +126.87%
Price / MAexp7: +5.56%
Price / MAexp20: +19.22%
Price / MAexp50: +49.94%
Price / MAexp100: +83.96%

Quotes : - Real time data - Cryptocompare