CryptoNiche

AVANLANCE AVAX: Token Unlock and Technical Analysis

Short
CryptoNiche Updated   
BINANCE:AVAXUSDT   AVAX / TetherUS
This is a deep-dive analysis on AVAXUSDT , and it seems like sellers are going to break down the historical support and drive the price close to the listing, there is a possibility of Avax crashing to $6 short after the next unlock event.

Based on the on-chain analysis, it appears that the daily transaction count is declining, and this is an indication that there is a drop in interest from the users.

This is my analysis, and I like to know your thoughts in the comment box.

If this analysis makes sense to you, kindly follow me now, like, and support my idea.

I will continue to update you all.

Cheers!
Comment:
Avax is moving as analyzed.

Follow me now
Comment:
Avax is now getting closer to our buy limit. Brace up guys and be patient.

Follow me now for more analysis.
Comment:
Unlock event is expected in the next 31 days:)
Comment:
Ops

It broke out before we could get it.

Let's see if the unlock will give us another chance at $8-10 in the next 9-15 days from now.

I will re-analyze the chart and publish an update

Follow now

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.