Cryptolean Avalanche AVAX Update
After a fast bearish dip to the key daily support at $37 and 100-Day Moving Average, Avalanche recovered strongly and now is trading in the bullish territory, holding the current daily support at $41.65.
A bullish move from $41.65 towards the previous local high and the key daily resistance zone of $47-$49 is very likely.
The AVAX price action with this zone will be very important.
A bearish dip to below $41.65 will result in AVAX price declining to re-test $37 and an interaction with the minor support at $39.5.
The AVAXUSDT 4-Hour chart is trying to re-claim $42.87.
A bullish move from its current price location is likely and will push #Avalanche to the key intraday resistance zone of $46.76-$48.26.
A bearish dip to below$42.87 towards $41.21 or, even better, to $39.57 and a bullish rejection of one of these levels could offer a long trade towards $46.76-$48.26 and higher.
AVAX will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and AVAX won't be an exception.
Like once read.
Thank you!
A bullish move from $41.65 towards the previous local high and the key daily resistance zone of $47-$49 is very likely.
The AVAX price action with this zone will be very important.
A bearish dip to below $41.65 will result in AVAX price declining to re-test $37 and an interaction with the minor support at $39.5.
The AVAXUSDT 4-Hour chart is trying to re-claim $42.87.
A bullish move from its current price location is likely and will push #Avalanche to the key intraday resistance zone of $46.76-$48.26.
A bearish dip to below$42.87 towards $41.21 or, even better, to $39.57 and a bullish rejection of one of these levels could offer a long trade towards $46.76-$48.26 and higher.
AVAX will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and AVAX won't be an exception.
Like once read.
Thank you!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.