🆓Avalanche/USDT Analysis (17/2) #AVAX $AVAXAVAX is stuck below $36.5-38.5 zone and if AVAX does not rebound, it will fall to $30-31.5 zone.
$30-31.5 zone is a good support that we can expect a rally here to $50 zone.
📅EVENTS
👉Mar 31 : AVAX/BZRX Partnership
👉Mar 31 : European Stablecoins
📈BUY
-Buy: 30-31.5$. SL if B
-Buy: 36.5-38.5$ if A. SL if B
📉SELL
-Sell: 36.5-38.5$. SL if A
-Sell: 50-52$. SL if A
♻️BACK-UP
-Sell: 30-31.5$ if B. SL if A
-Buy: 22-23$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
AVAXUSDTPERP
AVAX price in Bull FlagAvax cryptocurrency price in bull flag breakout above 12.5$
Avax is very strong project also good liquidity on the project, eyes on breakout of the bull flag
Bull flag : Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation
AVAXUSDTAVAX has a great position of teaching some important support/resistances as shows in the chart
you might ask i dont want these things i know what i am doing whats the forecast of AVAX!?
the answer is currently its bullish for sure and current entry point is even a good one (regard of the correction of the closest support)