$AVAX Avalanche/USD Technical Indicators - June 14, 2024
The technical indicators for Avalanche AVAX against the US Dollar (USD) as of June 14, 2024, reflect a predominantly negative sentiment.
Technical Indicators
The Relative Strength Index (RSI) is at 38.567, signaling downward momentum. The Stochastic Oscillator (STOCH) is at 22.027, and the Stochastic RSI (STOCHRSI) at 20.338, indicating oversold conditions. The Moving Average Convergence Divergence (MACD) is at -1.1, confirming a negative outlook. The Average Directional Index (ADX) is at 33.803, suggesting a strong trend. Williams %R is at -88.668, also indicating oversold conditions. The Commodity Channel Index (CCI) is at -115.3078, reinforcing the downward trend.
The Average True Range (ATR) at 1.7714 indicates less volatility, while the Highs/Lows indicator at -1.6479 supports a negative sentiment. The Ultimate Oscillator is at 43.78, and the Rate of Change (ROC) at -12.882 both reflect a downward trend. The Bull/Bear Power indicator is at -4.578, further indicating a negative outlook.
Moving Averages
The summary of moving averages indicates a strong negative sentiment, with all indicators reflecting a downward trend. The MA5 at 31.90 (simple) and 31.99 (exponential), MA10 at 33.07 (simple) and 32.85 (exponential), MA20 at 34.64 (simple) and 33.89 (exponential), MA50 at 35.22 (simple) and 36.59 (exponential), and MA100 at 41.18 (simple) and 37.71 (exponential) all confirm this outlook. The MA200 at 38.85 (simple) and 35.22 (exponential) also reflect a downward trend.
Pivot Points
The pivot point analysis identifies critical support and resistance levels, with the central pivot point at 31.79. Support levels are at 27.7, 29.33, and 30.16, while resistance levels are at 32.62, 34.25, and 35.08.
Overall, the technical indicators for Avalanche / USD on June 14, 2024, highlight a strong negative trend, with multiple indicators pointing to continued downward pressure.$AVAX
