Avalanche (AVAX) - October 13

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(AVAXUSDT 1W Chart)

The key is whether the 15.44-20.30 zone is supported and able to rise.


(1D chart)
If it falls below 15.44, we should see support near 13.47.

If it doesn't, there is a possibility that it will drop to around 7.72, so we need to think about countermeasures.


If the price holds above 16.56, it is expected that it will lead to a move towards breaking above 20.30.


In the HA SRRC indicator, the Stoch RSI, RSI, and CCI indicators are all entering the oversold zone.

So, if you find support near 15.44 when you break out of the oversold zone, it is likely to lead to an uptrend.

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** All descriptions are for reference only and do not guarantee a profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator contains indicators that indicate support and resistance points.

** HA SRRC indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).

(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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Comment:

(AVAXBTC 1W Chart)

To transition into an uptrend, the price must rise above 0.0009 769 to hold the price.

The 0.0007 164 point is the boundary between an uptrend and a downtrend.