Avalanche (AVAX) - March 30Hello?
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** The BTC market chart for altcoins will not be published for the time being as the BTC price appears to be turning upward.
(AVAXUSDT 1W Chart)
Primary resistance: around 107.62
Secondary resistance: 133.79-142.52
Support: 72.72-81.45
(1D chart)
Key Point Point: 89.59
We need to see if we can move up along the rising channel that has been formed in the short term.
However, it may temporarily touch the 4th section (72.72-81.45) and rise, so careful trading is required.
(buy)
- After confirming the support around 89.59
(Stop Loss)
- When it falls below 81.45
- When it falls below 72.72
(Sell)
Sections 1 and 2 are a psychological resistance section, and there is a high possibility of shaking up and down.
So, if you decide to sell 100%, you should not buy again if the price rises.
- When resistance is received in section 1
- When resistance is received in section 3
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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