AVAX/BNB, I believe it has already reached the bottom, as since its ATH on February 11, 2021, it has corrected around 88.10% and being of a very high octane rating, it now follows its ascending scale. Its resistances are: 0.05874 / 0 .06403. With the MM200 above serving as a magnet, it quickly hits the target.
AVAXBNB has broken out of the downside accumulation zone, where its support is at 0.06. However, in the technical analysis, we observed the distance of the pair from the cloud and the great possibility of AVAX seeking its gravitational center.
AVAXBNB 1D – The AVAXBNB PAIR was weighted due to AVAX being strongly influenced by BTC (more than other altcoins) and this in turn went through moments of extra volatility this September. Technical factors such as the RSI point to overbought, in addition, it follows the large accumulation imposed since June 15th, which is already in the throes of accumulation and...
After the brutal price drop between April 3rd and May 26th AVAX/BNB lateralized and fell again. Meanwhile, technical factors also point to the upside in various indicators, starting with RSI oversold, in addition the MM200 puts a gravitational pull on the asset pulling up. This reinforces our bullish conviction in the coming days.
AVAXBNB - the overbought RSI is making the pair a little heavy, but as soon as it licks the lower edge of the Keltner Channel it should impulsively rally (as AVAX moves with impulsive moves) and hit the $0.07268 target.
