AVAX 4HR_analysis with technical indicators
Updated
AVAXUSDTHi everyone! This is JJ CHEN.
Let’s have an easy analysis with our Triple-in-One indicator and some potential support area.
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Review:
As you see, if you simply use Triple-in-One indicator and simple support/pressure areas, you can make very good profits in the past two months.
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Now, we can see that AVAX is supported by a support area.
Also, in Triple-in-One indicator,
(1) LS_Main is entering oversold area.
(2) LS_AUX is also entering oversold area, which means that price rebound may happen with high probability.
There are some choices that I'll consider,
1. Wait for the GOLDEN CROSS of LS_MAIN, then buy AVAX.
2. If AVAX continues to fall before the golden cross, I'll buy AVAX in the purple potential support area because LS_Main and LS_AUX are both in oversold area.
Still the same, which decision should be made depends on what kind of trader you are.
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Using a good technical indicator to assist trading can save your time and help u increasing the winning rate!
If u don’t have time to do technical analysis yourself, u can also rely on the indicators to trade.
Pls let me know if u are interested in our triple-in-one indicator! ><
If u like my analysis, u can follow me so that u can see my analysis at once. :)
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