#AVAX
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
A key support zone (in green) has been identified at 5.61. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 6.06
First Target: 6.16
Second Target: 6.34
Third Target: 6.54
You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.
The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.
A key support zone (in green) has been identified at 5.61. The price has bounced off this zone several times, making it a strong support level.
The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.
Entry Price: 6.06
First Target: 6.16
Second Target: 6.34
Third Target: 6.54
You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).
Remember this simple rule: Money Management.
Any questions? Please leave a comment.
Thank you.
Zlecenie aktywne
#AVAX
First Target: 6.16 Reached
Second Target: 6.34 Reached
Transakcja zamknięta: osiągnięto wyznaczony cel
#AVAX
First Target: 6.16
Second Target: 6.34
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Futures
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👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.