Avaxusdt Trading idea

٩ مارس ٢٠٢٣

You all will agree with me that AVAXUSDT hit major ATH in Novemeber 2021 which follows with massive correction immediately and finally found bottom in December 2022which resulted into the price dropping about 92.8% of its value.

Major bullish divergence was observed with RSI, the Relative Strength Index (RSI) indicator for AVAXUSDT is currently showing a bullish divergence, with the RSI forming higher lows while the price is forming lower lows. This is a sign of bullish momentum building up, and it could indicate a potential reversal in the near future.

In respect to the divergence, I believe this resulted into upside rally from late December 2022, and this move is expected to continue until price test out the major downtrend trendline resistance area.

Right now, the price heading to our Buy back zone where an immediate reversal of price is expected. Failure of price to hold this level will lead it to test the bottom trendline once again.

We should monitor price action closely and use appropriate risk management strategies as necessary.

١٢ مارس ٢٠٢٣

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١٦ أبريل ٢٠٢٣

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١٨ أبريل ٢٠٢٣

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Entry filled and fly up, keep enjoy, we provide quality setup for you.

١٦ نوفمبر ٢٠٢٣

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+92% Profit from the given entry zone.

Avaxusdt held our bottom trendline which shown to be important support TL, the bounce was hugely significant and it span passed our proposed BUY BACK zone. This at the moment has break through important resistance level also, we should have a test on the Mid Term Target soon.

١٢ ديسمبر ٢٠٢٣

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We just draw our final target now, focus on them for exiting in the mid term.

١٤ ديسمبر ٢٠٢٣

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Immediate resistance level is around 54$, then rejection is expected from there towards the new buy back zone.