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This zone might be worked as a support level. The bottom of the red box, liquidity zone and around 11.36 will be the points I will observe as resistance. With the loss of 10.68 (1H) , the first bounce of the price will be around 10.18. I wish everyone a good year.
#AVAX UPDATE. #AVAX is facing huge resistance at the red box resistance area and got rejections on 4 TF.The current resistance for avax is the 20SMA on BB .The contraction of the BB suggesting some strong and flash move waiting ahead for avax .Do not enter in longs until avax close above the red box resistance.
Based on technical factors there is a Buy position in : 📊 AXSUSDT 🔵 Buy Now 7.67 🧯 Stop loss 6.60 🏹 Target 1 10.00 🏹 Target 2 12.87 🏹 Target 3 16.67 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Welcome to this quick AVAX/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures. November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting. As a...
Avalanche broke trough the ascending trendline. Asset broke trough the support level. Bearish movement to support level at 11.52 is possible.
Avax is in uptrend as can be seen in the upward parallel channel. Support and resistance(target) levels are indicated. If breaks the support, short it to the lower support level.
AVAX broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 15.7 is possible.
AVAX has printed a nice double bottom which is very comparable to a past double bottom that saw great bullish results A double bottom is a bullish reversal pattern Bull opportunity
Going to take Equal Lows at 14$, 4H brake of structure, dump it! There is also bearish divergence. We might full-fill fvg at 19$, that's why SL is not so tight. RR:7.78
Hello, dear traders. how are you ? Today we have a setup to buy/long the AVAX symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
AVAX bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 14.6 is expected to happen.
AVAX has broken below to the rising wedge and we can expect that avax would go down but currently AVAX is holding the double bottom support ,on losing this double bottom support breakout will play excatly.