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AVAXUSD trade ideas

AVAXUSD breakout, could this be the start of a new move higher?Hi, welcome to Monday's update. Today's focus is on AVAXUSD after last weekend's solid two days of buying that broke above resistance Are we seeing a new higher extension on AVAXUSD? That is the question we're asking in today's video update. Weekend trade has set up the first sign with a break above 25.30 resistance. What we would like to see now is for the move to continue higher and test the next resistance levels seen at 27.50, 31 and 36. In a perfect world, we would see price continue to push higher a bit more before we see a new pullback. We are looking for the pullback to find support at the previous breakout point and turn the previous resistance level into new support. A new HL created around the previous level of resistance followed up by a new HH would be a good sign and could signal a buy into the new move. From that point, we would like to see buyers break 31 and 36 resistance to signal that a new short-medium-term trend higher is underway. A new lower move closing below 25 would be a worry and could tell us that buyer momentum might not be as strong as thought. Good trading, and enjoy the rest of your Monday.
EIGHTCAP:AVAXUSDLong
by Eightcap
2
AVAX, a head and shoulders pattern.The following content is machine translation: In the 4-hour chart, it is currently near the resistance level of 26. The previous several tests failed to break through, and the head-and-shoulders bottom pattern of the rebounding pattern was retraced. Indicator macd bullish trend, RSI indicator is running above neutral 50. Summary: The head-and-shoulders bottom pattern and bullish indicators will break the resistance with a high probability and further rise around 30.
BINANCE:AVAXUSDLong
by LochubT
AVAX, support near 22.The following content is machine translation: In the 4-hour chart, it is currently near the 22 support, 22 is the support in May, the rebound in June turned into resistance, and it broke through in July, and it has now fallen back to the vicinity of the 22 support. The indicator macd is a callback trend, the speed line is still above the zero axis, and there is a possibility of a rebound. The RSI indicator topped off near the overbought zone and returned to the neutral 50. To sum up, the current 4-hour chart has begun to rebound, and the short-term is bullish. If it falls below 22, it will see around 16.
BINANCE:AVAXUSD
by LochubT