AVAX/USDT Technical Analysis Report

symbol: AVAXUSDT

coin: avax

interval: 4h

last_price: 20.87

last_volume: 688.62

total_volume: 922540295.33

prompt: Analyze the following cryptocurrency data from https://tacrypto.pro/analyzed/AVAX/4h. Provide insights based on technical indicators, price action, and potential trading signals. Consider the Fibonacci retracement levels, MACD, RSI, moving averages, Bollinger Bands, and other relevant indicators. Identify and explain any patterns (e.g., Bullish Engulfing, Head and Shoulders, etc.) that could signal a potential trade opportunity. Analyze the trade signals provided, and include any confirmation or contradictory factors. Based on the data provided, what is your recommended action for trading (BUY, SELL, or WAIT)? Include your reasoning and any risks or opportunities to be aware of before executing a trade.

fibonacci_levels:
  0.0%: 22.99
  23.6%: 22.4472
  38.2%: 22.1114
  50.0%: 21.84
  61.8%: 21.5686
  76.4%: 21.2328
  78.6%: 21.1822
  100.0%: 20.69

indicators:
  MACD: -0.21254414004003053
  MACD_Signal: -0.1623740975960637
  MACD_Hist: -0.050170042443966834
  RSI: 42.06242189360196
  Bollinger_Upper: 21.924315869736724
  Bollinger_Lower: 20.54368413026328
  Bollinger_Middle: 21.234
  Stochastic_K: 13.636363636363612
  Stochastic_D: 4.545454545454504
  SMA_50: 21.7296
  SMA_200: 19.7977
  EMA_50: 21.42167144787873
  EMA_200: 20.64733662880333
  CCI: -84.95193250931894
  Williams_%R: -86.36363636363639
  ATR: 0.2607142857142856
  OBV: -30397507.090000022
  TSI: -12.627860722272196
  ADX: 17.207452273160634
  ADX_Pos: 32.259988167653326
  ADX_Neg: 46.60923796984476

patterns:
  - Doji
  - Gravestone Doji
  - Long-Legged Doji
  - Shooting Star

trade_signal: WAIT

signal_reasons:
  - RSI 42.06 is in the neutral zone (between 30 and 70), indicating that the market is neither overbought nor oversold. Additional confirmation from other indicators is required for a clearer signal.
  - MACD (-0.21) is below its signal line (-0.16), reflecting growing bearish momentum. When these values are positive, further confirmation might be necessary to validate a sell signal.
  - An ADX value of 17.21 below 25 suggests that the market is experiencing choppy or range-bound conditions, with no clear trend established.

signal_info: Confirming Factors: Stochastic Oscillator is below 20 at 13.64, indicating oversold conditions. Historically, such readings have often preceded bullish reversals, especially when the %K line begins turning upward. | The price is near the lower Bollinger Band, often acting as a support level. This may indicate that the asset is due for a rebound towards its average price. | ATR of 0.26 shows low market volatility, indicating tighter stop-loss positioning and typically smaller price movements. Low ATR environments have traditionally been associated with consolidation phases before significant breakouts.. Contrary Signs: On-Balance Volume (OBV) is decreasing as price falls, confirming the bearish trend. This correspondence has traditionally verified the durability of downward price action..

accuracy: 85.0

stop_loss: 20.452857142857145

take_profit: 21.704285714285714

analysis_time: 2025-05-03 16:02:29

last_candle_time: 2025-05-03 19:59:59