Hi everyone,
Two days ago we saw AVAX testing and failing its support trend line. The break-out to the bottom side was confirmed when retesting the support trend line that acted as resistance. When looking at the price action, bearish signals were in play (shooting start & engulfing candles).
As highlighted in the chart there is a possibility to fall lower to the indicated demand zone. This zone has been tested several time and acts as a strong support.
As these corrections are normal market cycles, I am stull bullish on Avalanche in the long run!
🌜 Please like and leave a comment 🌜
This is not financial advice
Two days ago we saw AVAX testing and failing its support trend line. The break-out to the bottom side was confirmed when retesting the support trend line that acted as resistance. When looking at the price action, bearish signals were in play (shooting start & engulfing candles).
As highlighted in the chart there is a possibility to fall lower to the indicated demand zone. This zone has been tested several time and acts as a strong support.
As these corrections are normal market cycles, I am stull bullish on Avalanche in the long run!
🌜 Please like and leave a comment 🌜
This is not financial advice
Nota
Demand zone re-tested.Let's see if the bounce is strong enough to continue to the upside.
Update will follow
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.