Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for AVAXUSDT
There are R1 and R2 on the top of the chart which are resistance areas and both represent the unsuccessful triumphs of the price to rise at several points. And as you see, S1 is our long-term support area with the support of price even since the past. At the moment, we observe the fluctuation of price over S1 in a rising trend. Our expectation would include more fall for the price to reach S1 (as its past behavior). Here a double bottom pattern is formed and then via having some rising signs, the long position of the chart is activated and there would be more increase predicted for the price to reach higher amounts such as R1 and R2. R1 is a good point for saving your profits. It is so probable that the price loses the support at R1 and more decline would happen toward S1. Even by a fall below S1, more decline will be there for the price. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for AVAXUSDT
There are R1 and R2 on the top of the chart which are resistance areas and both represent the unsuccessful triumphs of the price to rise at several points. And as you see, S1 is our long-term support area with the support of price even since the past. At the moment, we observe the fluctuation of price over S1 in a rising trend. Our expectation would include more fall for the price to reach S1 (as its past behavior). Here a double bottom pattern is formed and then via having some rising signs, the long position of the chart is activated and there would be more increase predicted for the price to reach higher amounts such as R1 and R2. R1 is a good point for saving your profits. It is so probable that the price loses the support at R1 and more decline would happen toward S1. Even by a fall below S1, more decline will be there for the price. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Отказ от ответственности
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.
Отказ от ответственности
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.