✅🔥 Figure-1 shows that $AVAX is testing resistance zone of descending channel. If it breaks the resistance successfully then it may possibly retest the horizontal support zone once again as shown in the figure after that the price will possibly continue to move upward direction with range $70-$80. A good opportunity for those who are waiting for long entry.
✅🔥 Figure-2 chart displays that if $AVAX fails to break then the price may fall but still remains within channel and it is highly possible it will rebound from support of the channel and breaks the resistance of the descending channel and price continue to rise towards the $50-$65 zone.
Also in case, if AVAX is unable to hold support of the lower channel the analysis will be invalid then.
✅🔥 Spot buyers need to wait, if they bought at higher price then wait for $AVAX to comes around the center of the channel and then can do DCA(DOLLAR COST AVERAGE) and HODL for gains. It is an observation from data that AVAX will only do 4-5x maximum during the bull market. Though, one need show some patience and the situation of market for profit.
📝PLEASE PRESS FOLLOW if you like and agree with the idea and want more information about other crypto currencies. DYOR for financial activities. This information is only for learning and education purposes. Thank you.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2 Likes
Reward
2
1
Repost
Share
Comment
0/400
UU_QAMD
· 2024-04-24 08:44
Please press follow for more updates and information. Hope those who read press follow button for motivation. thank you
#AVAX#
🔥✅$AVAX price analysis from current market trend.
✅🔥 Figure-1 shows that $AVAX is testing resistance zone of descending channel. If it breaks the resistance successfully then it may possibly retest the horizontal support zone once again as shown in the figure after that the price will possibly continue to move upward direction with range $70-$80. A good opportunity for those who are waiting for long entry.
✅🔥 Figure-2 chart displays that if $AVAX fails to break then the price may fall but still remains within channel and it is highly possible it will rebound from support of the channel and breaks the resistance of the descending channel and price continue to rise towards the $50-$65 zone.
Also in case, if AVAX is unable to hold support of the lower channel the analysis will be invalid then.
✅🔥 Spot buyers need to wait, if they bought at higher price then wait for $AVAX to comes around the center of the channel and then can do DCA(DOLLAR COST AVERAGE) and HODL for gains. It is an observation from data that AVAX will only do 4-5x maximum during the bull market. Though, one need show some patience and the situation of market for profit.
📝PLEASE PRESS FOLLOW if you like and agree with the idea and want more information about other crypto currencies. DYOR for financial activities. This information is only for learning and education purposes. Thank you.
#ContentStar# #比特币# #HotTopicDiscussion# #BTC# #BountyCreator# #GateioBountyCreator# #GateioTurns10#