#AVAX
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions.
There is a key resistance zone in green at 8. The price has bounced off this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 9.12
Target 1: 9.21
Target 2: 9.34
Target 3: 9.53
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking it. A retest of this boundary is expected.
The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions.
There is a key resistance zone in green at 8. The price has bounced off this zone several times, making it a strong support level.
A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 9.12
Target 1: 9.21
Target 2: 9.34
Target 3: 9.53
Stop Loss: At the resistance zone in green.
Remember this simple thing: Money Management.
For any questions, please leave a comment.
Thank you.
Сделка активна
#AVAX
Target 1: 9.21 Reached
Target 2: 9.34 Reached
Сделка закрыта: достигнута тейк-профит цена
#AVAXTarget 1: 9.21 Reached
Target 2: 9.34 Reached
Target 3: 9.53 Reached
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.