Avalanche (AVAX) - May 5

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(AVAXUSDT 1W Chart)
56.51 or higher: Expected to create a new wave.


(1D chart)
It needs to move above 70.11 to turn into an uptrend.

So, if possible, it's a good idea to see support in 70.11.

(buy)
- After confirming the support in 70.11

(Stop Loss)
- When it is resisted by falling below 64.90
- When it falls below 56.51

(Sell)
- When resistance is received in the range 79.80-89.59
- When receiving resistance near 109.43


(buy)
- After confirming the support at 64.90

(Stop Loss)
- When it falls below 56.51

(Sell)
- When receiving resistance near 70.11
- When resistance is received in the range 79.80-89.59
- When receiving resistance near 109.43

A move above 89.59 is expected to trigger a sharp move.

A break below 56.51 is expected to turn into a downtrend.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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