Avalanche (AVAX) technical analysis:
Trade setup: Bullish break above $25 signaled continuation of uptrend and price has surpassed our target of $35 near-term. However, price is now very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance: Nearest Support Zone is $25 (previous resistance), then $20. The nearest Resistance Zone is $35, which it broke, then $50.
Trade setup: Bullish break above $25 signaled continuation of uptrend and price has surpassed our target of $35 near-term. However, price is now very overbought (RSI ~ 90) and we’re likely to see it pause here on some profit taking.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance: Nearest Support Zone is $25 (previous resistance), then $20. The nearest Resistance Zone is $35, which it broke, then $50.
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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.