Avalanche/US Dollar

ChrisJTradesFX Updated   
FX:AVAXUSD   Avalanche
These are levels that I'll be keeping an eye on when dealing with AVAXUSD, and I'll revise as price action progresses.

I adapt to the change in money flow.


Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.

The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency.


Seeing that price hit a significant low, potential profit margin resting above current price along with a bearish impulsive followed by a descending channel. I would wait for a break of the $20 & $30 price points and retracement for bullish precursors. We shall see...
I wouldn't be surprised if price action spike the $20 & $30 levels then quickly retract in order to create a clear path for it to mow right through them two areas of interest. We shall see.
$20 level has been broken. Bullish sentiment.
Look for imbalance to potentially be filled.

$12.30 - $15.60 👀
I would like to see a rally in price in order to break the $22 - $24 range followed by a pullback. I'm still holding out on that $12 - $16 imbalance to be filled. We shall see..
It's looking like AVAXUSD is in a pullback phase. P.A. swept the high (weekly perspective), and now it's dropping.

What lies beneath:

1. GZ
2. OTE
3. Demand (weekly perspective)
4 IMB (weekly perspective)

If not that, I would hold out for a B.A.R. of the $24. However, the next potential area of resistance will more than likely rest around the $28. We shall see..
Weekly candle have the possibility to close in OTE. If so, I'll scale in to the H4 in order to see structure breaks.


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