HEY ,Sup Guys!
In the last analysis that I posted for AVAXUSDT , As I expected it followed the bearish scenario and after breakout ascending trendline it has had a massive crash same as others altcoins ( after breakout => -70 % short (1x)๐ฏ๐ฐ ).
So today as you can see in 1D timeframe for avax/usdt , it has lost the important pivot zone ,and after touching the VG zone (Volume gap) , the bulls try to increase the price to reach pivot zone again , so if bulls be able to takeover this zone and overcome the bears then the higher target is about vwap line probably or higher resistance zone ,but otherwise if it loses VG zone it can decline to lower support zone .
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
In the last analysis that I posted for AVAXUSDT , As I expected it followed the bearish scenario and after breakout ascending trendline it has had a massive crash same as others altcoins ( after breakout => -70 % short (1x)๐ฏ๐ฐ ).
So today as you can see in 1D timeframe for avax/usdt , it has lost the important pivot zone ,and after touching the VG zone (Volume gap) , the bulls try to increase the price to reach pivot zone again , so if bulls be able to takeover this zone and overcome the bears then the higher target is about vwap line probably or higher resistance zone ,but otherwise if it loses VG zone it can decline to lower support zone .
โ๏ธ Good luck with your trading and investing and remember: Trade smartโฆOR JUST DONโT TRADE!
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
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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.