AVAX/USDT Technical Analysis (Daily Chart)
- Point of Interest: Price is currently testing a strong demand zone (highlighted in green) around the $18.74 - $21.76 range.
- Potential Reversal: A bullish reaction from this zone could lead to a price rebound.
- First Target: $30.92, a key resistance level.
- Second Target: $42.89 - $43.08, aligning with previous highs.
- Risk: A breakdown below $18.74 may indicate further downside.
Conclusion:
If AVAX holds above the demand zone, it presents a potential long opportunity towards the first and second targets. However, a close below $18.74 would invalidate this setup.
If you enjoy, press the like button.
- Point of Interest: Price is currently testing a strong demand zone (highlighted in green) around the $18.74 - $21.76 range.
- Potential Reversal: A bullish reaction from this zone could lead to a price rebound.
- First Target: $30.92, a key resistance level.
- Second Target: $42.89 - $43.08, aligning with previous highs.
- Risk: A breakdown below $18.74 may indicate further downside.
Conclusion:
If AVAX holds above the demand zone, it presents a potential long opportunity towards the first and second targets. However, a close below $18.74 would invalidate this setup.
If you enjoy, press the like button.
Trade active
Active your trades now.Trade closed: target reached
Trade closed with 300 pips+ profits.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.