AVAX has met a major 2021 lifetime resistance area and rendered a strong sell signal in response. Is this the time to short? How do we trade this? 🤔 We have three pushes up in a bull trend; the third push has made contact with a major 2021 resistance area, followed by two strong bear candles closing on their lows below the Daily 30EMA. What we need now is a...
AVAX ran three pushes up in a bull channel just shy of the 2022 Resistance area topping out at $50. That was followed by a pullback and a strong bull signal. Is it time to long? How do we trade this? 🤔 A long entry is close to being justified! Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $50 (psychological number...
AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade? How do we trade this? 🤔 The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed...
Avalanche (AVAX) is burning red hot on the charts and flirting with the idea of a reversal. Do we have the justification to short here? Or will the trend continue upward? How do we trade this? 🤔 AVAX has three pushes up in this trend, three sell bars near the $44.00 level, and an RSI level of 82.00 and below the Moving Average. These are all signs that a trend...
Avalanche has been roaring through a nice curving bull channel until the top of the third push at $42.75! A nice sell signal formed on yesterdays daily candle, now we need to see how today closes to make our next move. How do we trade this? 🤔 Avalanche had its third push up in the bull channel, a typical number of legs before the trend changes into a trading...