Long and short AVAX/USDT
Activation of the transaction only when the blue zone is fixed/broken.
Working out the support and resistance levels of the consolidation zone after growth. High risk due to the increased volatility of the instrument, as well as due to the lower timeframe, this increases the chances of false breakouts of the activation and stop...
Avalance performed really nicely in the last two weeks. As long as the first two trend lines hold it will want to go 16.6.
If the trend lines would hold I would expect a retracement to 11 and 9.7. To be able to continue to uptrend 9.7 support line is highly critical.
I will start to buy back starting from 11.
AVAX has a great position of teaching some important support/resistances as shows in the chart
you might ask i dont want these things i know what i am doing whats the forecast of AVAX!?
the answer is currently its bullish for sure and current entry point is even a good one (regard of the correction of the closest support)
What we see now
1- the price at 7.60 $
2- the support level at 4.68$
3- the price cross ATH
4- there is three positive buy signals are active right now
What we do now :
i see it is a good opportunity to take a position in this level and you must the robo sell signals
TP 1 : 7.85 $
TP2 : 9 . 00 $
YOU MUST FOLLOW THE ROBO SELL SIGNALS
*While Bitcoin hitting $25k ATH again, most of altcoins kept rising against USD too.
*But during this time AVAX was falling and retesting the dip and retest was successful
*After resting $2.75 ,AVAX is moving up and will start pumping soon when BTC stops
Targets are $3.55 , $4.1 and $4.5 for now.
Buy zone is below $2.9
Good luck .
My main argument here is basically as long as trend line 1 holds Avax will want to go 11 dollars.
However, a bearish reversal is calling on the other hand. So I created a few more trend lines to follow.
I started to sell the AVAX that I bought from $3.2 to $5.5 above 9.
The red one will be the critical trend line that keeps bullish motivation.
The red box...
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...
AVAX still holds the trend line. In case of a 4H bar closed below 6.3 may push the price to the green box which is around 5.05-4.87. 4H closes below 4.87 seems dangerous.
For now, the uptrend is working. Needs to be watched with careful stop losses.