readCrypto

Avalanche (AVAX) - April 19

BINANCE:AVAXUSDT   AVAX / TetherUS
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(AVAXUSDT 1W Chart)
Primary resistance: around 79.80
Secondary resistance around 109.43

Support: 56.51-64.90


(1D chart)
(buy)
- After confirming the support in section 79.80-81.31

(Stop Loss)
- When it falls below 79.80 and receives resistance

(Sell)
- When receiving resistance near 89.59
- When receiving resistance near 109.43


(buy)
- After confirming that it is supported above 64.90

(Stop Loss)
- When it falls below 56.51

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


If it rises above 89.59, a sharp move is expected.

If it deviates from the uptrend line and goes down, it is likely to drop below 64.90, so trade with caution.

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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 the sake of 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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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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