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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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
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 ⚔️
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.