Evening Traders,
Today's analysis - AVAXUSDT- trading above its range high support, consolidating here is a bullish sign
Points to consider,
- Price action corrective
- Range High Support
- Declining Volume
- .618 Fibonacci Confluence
AVAXUSDT's immediate price action is resting on a support zone that is in technical confluence with the range high and the .618 Fibaoncci, allowing for a bullish bias.
the volume is on a decline, it needs to increase on the expansion, this will solidify the move
Price actions objective will be the Monthly S/R, exceeding this level will lead to a trend continuation.
price action is to be used upon discretion/ management, hope this analysis helps !
“Trading is buying and selling to exploit a change in the price. Investing is acquiring assets for economic reasons.”
― Naved Abdali
Today's analysis - AVAXUSDT- trading above its range high support, consolidating here is a bullish sign
Points to consider,
- Price action corrective
- Range High Support
- Declining Volume
- .618 Fibonacci Confluence
AVAXUSDT's immediate price action is resting on a support zone that is in technical confluence with the range high and the .618 Fibaoncci, allowing for a bullish bias.
the volume is on a decline, it needs to increase on the expansion, this will solidify the move
Price actions objective will be the Monthly S/R, exceeding this level will lead to a trend continuation.
price action is to be used upon discretion/ management, hope this analysis helps !
“Trading is buying and selling to exploit a change in the price. Investing is acquiring assets for economic reasons.”
― Naved Abdali
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。