Londinia Opportunities Analyses - 04/30/2024 (GMT) AAVE - AAVE/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | AAVEUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 86.73 USDT
My targets
82.66 USDT (-3.48%)
75.28 USDT (-12.10%)
My analysis
The bearish trend is currently very strong for AAVE - AAVE/USDT. As long as the price remains below the resistance at 86.73 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 82.66 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 75.28 USDT as an objective. Crossing it would then enable sellers to target 62.03 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
The AAVE - AAVE/USDT price is 85.64 USDT. The price is lower by -4.23% since the last closing with the lowest point at 85.44 USDT and the highest point at 90.39 USDT. The deviation from the price is +0.23% for the low point and -5.26% for the high point.85.44
90.39
85.64
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this AAVE - AAVE/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 50.81 | 62.03 | 82.66 | 85.64 | 86.73 | 88.04 | 88.95 |
| Change (%) | -40.67% | -27.57% | -3.48% | - | +1.27% | +2.80% | +3.87% |
| Change | -34.83 | -23.61 | -2.98 | - | +1.09 | +2.40 | +3.31 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | 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 | 81.75 | 84.24 | 86.83 | 89.32 | 91.91 | 94.40 | 96.99 |
| Camarilla | 88.02 | 88.49 | 88.95 | 89.42 | 89.89 | 90.35 | 90.82 |
| Woodie | 81.80 | 84.27 | 86.88 | 89.35 | 91.96 | 94.43 | 97.04 |
| Fibonacci | 84.24 | 86.18 | 87.38 | 89.32 | 91.26 | 92.46 | 94.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.28 | 80.85 | 86.31 | 91.88 | 97.34 | 102.91 | 108.37 |
| Camarilla | 88.73 | 89.74 | 90.75 | 91.76 | 92.77 | 93.78 | 94.79 |
| Woodie | 75.22 | 80.82 | 86.25 | 91.85 | 97.28 | 102.88 | 108.31 |
| Fibonacci | 80.85 | 85.07 | 87.67 | 91.88 | 96.10 | 98.70 | 102.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 55.68 | 80.35 | 104.33 | 129.00 | 152.98 | 177.65 | 201.63 |
| Camarilla | 114.94 | 119.40 | 123.86 | 128.32 | 132.78 | 137.24 | 141.70 |
| Woodie | 55.35 | 80.18 | 104.00 | 128.83 | 152.65 | 177.48 | 201.30 |
| Fibonacci | 80.35 | 98.93 | 110.41 | 129.00 | 147.58 | 159.06 | 177.65 |
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): | 33.53 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -24.68 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 87.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.88 | |
| Elder Ray (13): | -2.23 | |
| Super Trend (3,10): | 89.44 | |
| Zig ZAG (10): | 85.64 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 15.11 | |
| TEMA (21): | 87.35 | |
| Williams %R (14): | -96.04 | |
| Chande Momentum Oscillator (20): | -2.24 | |
| Repulse (5,40,3): | -3.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.72 |
| MA7: | 89.85 | |
| MA20: | 90.87 | |
| MA50: | 111.13 | |
| MA100: | 104.85 | |
| MAexp7: | 87.43 | |
| MAexp20: | 88.33 | |
| MAexp50: | 89.21 | |
| MAexp100: | 89.91 | |
| Price / MA7: | -4.69% | |
| Price / MA20: | -5.76% | |
| Price / MA50: | -22.94% | |
| Price / MA100: | -18.32% | |
| Price / MAexp7: | -2.05% | |
| Price / MAexp20: | -3.05% | |
| Price / MAexp50: | -4.00% | |
| Price / MAexp100: | -4.75% |
Quotes :
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Real time data
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