I think FRVP gives a very good result in identifying support and resistance. In this direction, a FRVP that we will apply to the Avax chart in the weekly timeframe shows us that the 17.50 level is support and AVAX is sitting on this support. I think the return from this level in the weekly timeframe is very positive.
🔥Hi, friends! AVAX may surprise us, because it's one of the most volatile altcoins. What could be better for traders?
Our main task is to find the best entry point. I have already made it for you.
I expect local manipulations and stop hunting both long and short traders, but finally, the price should go lower to shake out retailers who expect the growth.
📊...
First the chart:
Support seems solid at 16.5$ and that is important for a trader.
If Powell doesn't spook the markets today with a big rate hike or a hawkish scary statement we could see AVAX rising to 23$ fast.
Overall, Bullish on AVAX with 56$ being my target.
CHESS MOVE ♛♘♚:
Chess is being played by some of the cleverest people on earth.
So i guess they...
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(AVAXBTC 1W Chart)
The question is whether it can break out of the downtrend line by rising above 0.0007352.
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(AVAXUSDT...
We expect that the price will get rejected at the strong resistance ($21,600 - $22).
You can short it (stop loss recommended) or be patient and wait for a price to drop into our buy zone ($10-$11). From there we expect a pump towards strong resistance again which would be over 100 % gain.
Mid-term the market remains bearish overall .
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.
Fundamentals:
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The move has sent the linked...
🔥Hi, friends! Now we see that AVAX and BTC are looking bullish, but I expect one more pullback before the pump. This pullback needs to take long traders sl and trap the short traders. More in my new trading plan!
📊 MY TRADING PLAN FOR AVAX:
1. pullback to one of the value areas ($19.53-20.22 or $17-18)
2. volume growth on the pullback
3. bullish BTC
🚩 ...
Holding the ascending range eq. and coiling beneath 200ema & monthly open.
Push past 21.5 this week possibly - want to see a breakout soon if so.
Cheers
You know the DOW theory. In a downtrend, the market moves in three stages;
- Distribution
- Collapse
- Despair and Recovery.
Watch the realization of this theory on the #AVAX #Avalanche chart
BINANCE:AVAXUSDT
Hey ! Here ive charted out some KEY areas of support/resistance to keep an eye out for if you are trading this coin. These are VOLUME areas !
Not financial advice ! just my thoughts .
Lets gett this CRYPTO !!!
BINANCE:AVAXUSDT
