Price just rejected hard from the major Supply Zone (0.704 – 0.739) — look at that strong bearish reaction after tapping into high-volume resistance. This zone also aligns with a visible peak in the Volume Profile, signaling strong seller interest.
What’s happening now?
Price is currently trading at 0.673, just below the key resistance.
Immediate support sits at 0.606, and a break below that opens the gate to 0.498 (previous demand + high volume node).
Momentum looks exhausted after the spike, and the market structure hints at a possible reversal to the downside.
Key Zones to Watch:
Supply Zone: 0.704 – 0.739
Immediate Support: 0.606
Major Demand Zone: 0.450 – 0.498
Trade Idea:
If we see a lower high around 0.680 – 0.700, I’m looking for short opportunities targeting 0.606, and possibly 0.498 if the bearish pressure continues.
Bearish confirmation will be stronger once we get a clean break + retest below 0.606.
What do you think? Will AVAUSD crash from here or bounce again? Drop your thoughts below!
#AVAUSD #CryptoAnalysis #PriceAction #SupplyDemand #VolumeProfile #FrankFx
What’s happening now?
Price is currently trading at 0.673, just below the key resistance.
Immediate support sits at 0.606, and a break below that opens the gate to 0.498 (previous demand + high volume node).
Momentum looks exhausted after the spike, and the market structure hints at a possible reversal to the downside.
Key Zones to Watch:
Supply Zone: 0.704 – 0.739
Immediate Support: 0.606
Major Demand Zone: 0.450 – 0.498
Trade Idea:
If we see a lower high around 0.680 – 0.700, I’m looking for short opportunities targeting 0.606, and possibly 0.498 if the bearish pressure continues.
Bearish confirmation will be stronger once we get a clean break + retest below 0.606.
What do you think? Will AVAUSD crash from here or bounce again? Drop your thoughts below!
#AVAUSD #CryptoAnalysis #PriceAction #SupplyDemand #VolumeProfile #FrankFx
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.