Since my May 18th update, AVAX has fallen into a pullback, as expected. We found resistance at $41.80, took half profits, and then pulled back in two strong legs. Should we be bearish or bullish on Avalanche? How do we trade this? 🤔 As expected, AVAX found resistance at the 2021/2022 resistance area of $60.00 after three strong pushes up followed by a head and...
AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up? How do we trade this? 🤔 We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong...
If we have a good breakout from the blue then we will be going for short using green as the entry and red as the target. Not financial advice.
Avalanche (AVAXUSD) is about to hit its 1D MA200 (orange trend-line) for the first time since April 11 2022! Needless to say, a break-out there would be a major long-term bullish signal for the coin. With AVAX trading within a Channel Up since the February 2021 High, we can see that the best Sell entry and (potentially now) best Buy entry have come around its...
Buying #AVAX/USDT (SWING) $AVAX showing make a double bottom pattern, we can see avax not make a lower low this a good movement and if we see on weekly chart avax now in key support or demand zone . potential can sustain and breakout the neckline Buy zone : 23.3 - 22 - 21 Target : 24.57 - 26.37 - 28.53 - 32- 36 Stop : 20.8
On 4H TF Avalanche BINANCE:AVAXUSDT has broken out descending channel on 18 Mar 2022. Right now, AVAX is retesting around 75. If AVAX isn't come back to descending channel, it will go up to 115. Wait and see.