📉Hi Traders, Investors and Speculators of Charts📈
AVAXUSDT, an ETH rival, is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade.
Currently, we see the markets trading in a corrective phase where wicky price action and shakeouts are common.
I've been bullish on AVAX for...
This brief video about one of my current trades is predicated on the notion that we're currently in a Wave (B) within a Wave D, anticipating a substantial Wave E correction to the downside. My stop level stands at 39.50 currently, with an expectation of a descent to at least 37.67. However, I'm inclined to think it could potentially decline even further, as...
Today's focus: AVAX
Pattern – 50% Fibbo, HL low analysis.
Support – 29.22
Resistance – 33
Hi, and thanks for checking out today's update.
Today, we are taking a look at AVAX (Avalanche) on the daily chart. Looking at price with a Fibonacci retracement tool on the chart, we can see that price lines up at the 50% point. This point also lines up with a previous...
#avax #avaxusd #avalanche #altcoins
My current sentiment and some technical analysis for you on AVAX.
Sorry about the view. I forgot to transition and just didn't feel like doing the video over again.
- Stew
What is happening with it?
1. We have been rejected by the horizontal resistance.
2. We have been rejected by the MA 20 (BB middle).
3. A long trigger if we make the resistance as a support or hit the buy the dip zone.
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for AVAX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
AVAX is relatively low to mid cap coin that is listed on FTX and Binance.
Despite the fact that everything that is on FTX end up pumping. We have decent RR entry.
