AVAX/USDT Technical Analysis Report

symbol: AVAXUSDT

coin: avax

interval: 4h

last_price: 21.24

last_volume: 1054.36

total_volume: 922536639.32

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%: 22.49676
  38.2%: 22.191619999999997
  50.0%: 21.945
  61.8%: 21.69838
  76.4%: 21.39324
  78.6%: 21.34726
  100.0%: 20.9

indicators:
  MACD: -0.13135593123763556
  MACD_Signal: -0.12364523385354065
  MACD_Hist: -0.007710697384094911
  RSI: 45.760396569610165
  Bollinger_Upper: 22.075377025842673
  Bollinger_Lower: 20.72562297415733
  Bollinger_Middle: 21.4005
  Stochastic_K: 29.999999999999805
  Stochastic_D: 29.219219219219195
  SMA_50: 21.846
  SMA_200: 19.75355
  EMA_50: 21.5159274502035
  EMA_200: 20.637780489645206
  CCI: -35.807519968829304
  Williams_%R: -70.0000000000002
  ATR: 0.23571428571428601
  OBV: -30395228.320000023
  TSI: -7.888032835543803
  ADX: 16.260302179967738
  ADX_Pos: 33.332486145315166
  ADX_Neg: 41.56494874777304

patterns:
  - Belt-hold
  - Closing Marubozu
  - Marubozu

trade_signal: WAIT

signal_reasons:
  - RSI 45.76 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 (-0.13) is below its signal line (-0.12), reflecting growing bearish momentum. When these values are positive, further confirmation might be necessary to validate a sell signal.
  - An ADX value of 16.26 below 25 suggests that the market is experiencing choppy or range-bound conditions, with no clear trend established.

signal_info: Confirming Factors: ATR of 0.24 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: 20.86285714285714

take_profit: 21.994285714285713

analysis_time: 2025-05-03 00:02:29

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