Evening Traders,
Today’s analysis – AVAUSDT- trading above its Daily S/R where a trend continuation is probable,
Points to consider,
- Price Action Impulse
- Daily S/R Support
- Swing High Objective
- Declining Volume
- RSI Bullish Control Zone
AVAX/USDT’s immediate price action is impulsive above Daily S/R support, allowing for a bullish bias,
The Swing High is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The volume profile is currently declining, in influx is highly imminent on the next expansion, especially with the RSI in it bullish control zone.
Overall, In my opinion, AVAXUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
Today’s analysis – AVAUSDT- trading above its Daily S/R where a trend continuation is probable,
Points to consider,
- Price Action Impulse
- Daily S/R Support
- Swing High Objective
- Declining Volume
- RSI Bullish Control Zone
AVAX/USDT’s immediate price action is impulsive above Daily S/R support, allowing for a bullish bias,
The Swing High is the immediate objective, exceeding this level will increase the probability of a trend continuation.
The volume profile is currently declining, in influx is highly imminent on the next expansion, especially with the RSI in it bullish control zone.
Overall, In my opinion, AVAXUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The big ones take the psychology out of the game. Have a game plan, and stick to it.” Tim Erber
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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 ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.