Avalanche had one more nudge toward the 2021/2022 resistance level since my last analysis, creating a bearish divergence and setting us up for a short trade. Should we short now?
How do we trade this? 🤔
As stated in my last analysis and this one, we need a short signal and confirmation for justification to short AVAX. Our proposed third push up from the...
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...
Avax is performing well as other altcoins do. We broke the bearish TL, and now we can go even higher to $115. Just watch volume and sentiment on other altcoins.
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Avalanche (AVAXUSDT).
The chart is self-explanatory. The price is inside a triangle and approaching an area, which the price could fall back into a consolidation zone. AVAX price is inside the EMA ribbons and above the 200 SMA. If price continues to go down or...
