AVAXUSD trade ideas
AVAX has defended a major support #AVAX has defended a major support level. This is a good sign for the still active uptrend. RSI is also still trending above 48.5. After 3 attempts to break resistance - we could see one in next impulse wave of #Avalanche heading to $40.35. $AVAX #CryptoSignals #Crypto
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Avalanche (AVAX) - April 9Hello?
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You should watch for any movement that deviates from the 28.79786959-37.43183748 segment.
In particular, it remains to be seen if it can rise along the uptrend line.
If it falls, you need to touch the downtrend line and see if it can rise.
If you fall at 20.16390170, you need Stop Loss to preserve your profit or loss.
The next volatility period is around April 13th.
If the CCI line rises more than 100 points on the CCI-RC indicator, volatility may occur, so careful trading is necessary.
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(AVAXBTC 1D chart)
47332 Satoshi-65986 We must watch for any movement that deviates from the Satoshi section.
In particular, it remains to be seen if it can rise above the 55938 Satoshi point.
40744 If you fall at Satoshi, you need Stop Loss to preserve profit and loss.
It remains to be seen if the CCI-RC indicator rises by more than 100 points, causing volatility to break above the 65986 Satoshi point.
(1W chart)
40744 Satoshi-48928 Satoshi is expected to continue the upward trend if it is supported above.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
AVAX/USDT (1D)Avax scenario, probably in the yellow zone an accumulation will be repeated to shape a second fund where it can break upwards with the help of the hyperbola or else it will fall towards our 100-period SMA which has not touched it for a long time and This one had already shown us a strong reaction. Whereas if we see the case of Dump it would be better to close the trade even in losses because it would go to look for the closest support after that and it is somewhat far away.