Let's have a look at the 4-hour timeframe to understand the medium-term picture of the price movement of an asset. The targets for fixing profits on the AVAX movement in a current bearish trend are marked in red on the chart. At the moment, the coin is in the buy zone, so you can place Market Orders if you are confident in AVAX's growth. A confident break out of...
precondition: -Pressure level -Key level -Local trend up Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
#Avalanche broke out the parallel channel and pulled back, seems to be a good time to enter. Current Price= 3.1961 Buy Entry= 3.1904 - 3.1580 Take Profit= 3.2632 | 3.3251 | 3.4337 Stop Loss= 3.0998 Risk/Reward= 1:1.2 | 1:2.03 | 1:3.49 Expected Profit= +11.20% | +19.00% | +32.72% Possible Loss= -9.36% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage=...
AVAXUSDT brokedown below the trendline support. Price retested the flip trendline resistance + 0.5 fibonacci retracement level. Price action is printing a descending triangle pattern. Sell entry ⬇️ - breakdown below the descending triangle support. Target 🎯 - Support levels.
wait for the candle to close beyond the trendline to confirm the break. entry point, targets, and stop-loss are displayed on the chart.
AVAXUSDT brokeout above pennant resistance as expected from my previous analysis ✅
I will follow this chart until December 7.
AVAXUSDT is consolidating in a pennant chart pattern. Breakout is imminent. Possible price actions indicated.
- Bearish descending triangle = continuation pattern to the downside - The price is below previous trend line, that is bad for bulls - Not looking good to me, you can short this coin on futures market If you want more of these ideas, please hit the like button and follow me, so you don't miss any update! Also, check my signature down below ↓
AVAXUSDT is printing a descending triangle chart pattern. We could see a breakout above the inclined resistance ⬆️ or a breakdown below the horizontal support ⬇️. RSI pattern breakout could be a confirmation.