Avalanche (AVAX) - February 16Hello?
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(AVAXUSD 1W Chart)
It is gaining support near section A and is rising.
To continue this uptrend, we need to see if we can sustain the price above the 80.9999458-87.6501953 range.
If it falls from the point of 80.9999458, Stop Loss is required to preserve profit and loss.
(1D chart)
A break from the downtrend line is expected to find resistance at 110.4609778-123.9095360.
In the CCI-RC index, since the CCI line is located in the range of -100 to +100, AVAX can be considered to be located in the sideways section.
Therefore, when the CCI line deviates from the range of -100~+100, a trend is expected to form.
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(AVAXBTC 1W Chart)
Above 0.0015196 point: Expected to create a new wave.
We need to see if we can continue the uptrend along the uptrend line.
A volume profile section is being formed around the 0.0015196 point.
So, if it goes down from the 0.0015196 point, it is likely to turn into a downtrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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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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