Hi friends,
Let's get back into analysis after Eid al-Fitr vacations.
Today, we pay attention to AVAX in the Daily time frame.
As marked on the chart, we have a strong daily resistance trend line and a 4-Hour resistance trend line, which is marked by yellow color. As you can see that we had a great support level of $19.855, which has now turned into resistance.
Also, you can see that for AVAX to retain its bullish momentum, it has to close daily candles above $29. Besides that, we have a strong daily and weekly accumulation area between $12 and $15.
We have a local 4-Hour support level that is ideal for entering into short positions after having the momentum and confirmations.
Let's get back into analysis after Eid al-Fitr vacations.
Today, we pay attention to AVAX in the Daily time frame.
As marked on the chart, we have a strong daily resistance trend line and a 4-Hour resistance trend line, which is marked by yellow color. As you can see that we had a great support level of $19.855, which has now turned into resistance.
Also, you can see that for AVAX to retain its bullish momentum, it has to close daily candles above $29. Besides that, we have a strong daily and weekly accumulation area between $12 and $15.
We have a local 4-Hour support level that is ideal for entering into short positions after having the momentum and confirmations.
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