Yello, Paradisers! Is AVAXUSDT gearing up for a bigger drop? Let’s break it down.
💎AVAXUSDT has turned bearish after breaking below its key support trendline. A Change of Character (CHoCH) confirms the shift to the downside, and right now, the price is rejecting from a critical 4H Fair Value Gap (FVG) and the 200 EMA resistance zone. Adding to the bearish pressure, we also see a 4H bearish divergence, making a downside move highly probable.
💎Moreover, AVAXUSDT is in the process of forming a Head & Shoulders pattern, which increases the risk-to-reward (RR) potential for short trades. On top of that, there’s liquidity resting below, which could act as a magnet, pulling the price further down.
💎However, if the price breaks out and closes a candle above the 200 EMA resistance zone, this bearish outlook will be invalidated. In that case, it’s better to wait for clearer price action before making any moves.
🎖Patience is key, Paradisers. Stick to the strategy, avoid emotional trading, and let the market come to you. The best setups will always present themselves to those who wait!
MyCryptoParadise
iFeel the success🌴
💎AVAXUSDT has turned bearish after breaking below its key support trendline. A Change of Character (CHoCH) confirms the shift to the downside, and right now, the price is rejecting from a critical 4H Fair Value Gap (FVG) and the 200 EMA resistance zone. Adding to the bearish pressure, we also see a 4H bearish divergence, making a downside move highly probable.
💎Moreover, AVAXUSDT is in the process of forming a Head & Shoulders pattern, which increases the risk-to-reward (RR) potential for short trades. On top of that, there’s liquidity resting below, which could act as a magnet, pulling the price further down.
💎However, if the price breaks out and closes a candle above the 200 EMA resistance zone, this bearish outlook will be invalidated. In that case, it’s better to wait for clearer price action before making any moves.
🎖Patience is key, Paradisers. Stick to the strategy, avoid emotional trading, and let the market come to you. The best setups will always present themselves to those who wait!
MyCryptoParadise
iFeel the success🌴
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.