Analyzing the chart, it becomes obvious that the price is trading within the global resistance zone spanning from 44 to 56.
Given this context, it is wise to look for attractive short-term setups, as they are quite reasonable at this stage.
The initial target could be to remove liquidity behind the wick (x) at 27.24, and further targets could be to fill the...
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...
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...
