Avalanche (AVAX) - July 27Hello?
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(AVAXUSDT 1W Chart)
The key is to find support in the 19.79-23.96 zone and move higher than 32.23.
If it falls below 19.79 and finds resistance, then it is likely to drop below 13.47, so trade cautiously.
(1D chart)
Primary resistance: 30.32-32.23
Secondary resistance: 43.66
1st support: 19.79-23.96
2nd support: 13.47-16.56
- The RSI indicator is falling out of the overbought zone.
- The Stoch RSI indicator is located in the oversold zone.
So, if you find support near 19.79 when you break out of the oversold zone, you would expect a short-term uptrend.
However, it may temporarily touch the 19.79 area and move higher, so you need to trade cautiously.
- In the CCI-C indicator, if the CCI line is maintained above the EMA line, it is likely to show an upward trend.
Therefore, it is necessary to ensure that the CCI line remains above the EMA line.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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