The AVAX/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market.
• August 24, 2024, 17:00, September 6, 2024, 05:00, September 19, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn. • August 31, 2024, 21:00, September 12, 2024, 09:00, September 24, 2024, 21:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating AVAX or entering long positions.
When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
Comment
• September 8, 2024, 9:00 AM - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
• September 12, 2024, 9:00 AM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating AVAX or entering long positions.
• September 19, 2024, 5:00 PM, September 25, 2024, 6:00 PM - Red Lines: These are additional times marking potential local peaks, suggesting moments to consider exiting positions before a downturn.
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.