AVAXUSDT
AVAXUSDT 6H TA: Support & ResistanceAccording to the chart, a suitable support range has been established in the range of $14. If this range is maintained and the resistance of the channel line is broken, the price will increase to $21 and $26. Otherwise, the price will decrease to the support range of $14.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
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Notice in the chart
We have a good support zone
In addition to that
The downtrend line has been broken
AVAXUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for AVAXUSDT
As we predicted on June 22, we expected a rising trend for the price and now this has happened. In this chart, we have R2 and R1 areas which used to be our support areas. S1 used to be a resistance line and shows the disability of the price to rise. And S2 is another support line that expresses the well support of the price at some points. Here, the price is fluctuating below R1 and we expect it to fall to S1 and then by a pull back to R1, it will make two scenarios for us. Either it will rise to about $29 which we consider it a good point for saving profits. Or it will start a falling trend toward S1 and even below this line and surely will face more decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
AVAXUSDT: Channeling Bearish, Further Bear Movement May Prevail?Hello Fellow Avalanche Coin Investor/Trader, Here's a Technical outlook of AVAXUSDT!
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AVAXUSDT is creating a Bearish Channeling. Furthermore, The MACD indicator has created a death cross, indicating potential bearish movement ahead.
All explanations are presented on the chart.
The roadmap will be invalid after reaching the target/resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the cryptocurrency"
Avalanche Sits at the 0.886 Retrace Awaiting Potential BidsWe are at the 88.6% Fibonacci Retracement and showing Moderate amounts of Bullish Divergence on the RSI if we can catch a Standard Correction of the Downtrend we could see it pump back up to the 200 Day Moving Average which is Currently near the next possible resistance zone above if we were to rally from here.