Avalanche (AVAX): Breakout Potential and Long Entry Setup
Timeframe: 1 Hour
Analysis:
AVAX is currently facing resistance at the $44.12 price level.
A breakout above this level could signal a bullish move towards the $56.40 target.
To confirm the breakout, traders should monitor the following:
BTC.D: If BTC.D is trending downwards and breaks below a support level, this could indicate a bullish trend for altcoins like AVAX.
Total2: A green candle on the Total2 indicator could further confirm a bullish move for AVAX.
Entry:
Consider entering a long position if AVAX closes a candle above $44.12.
Place a stop-loss order at $41.95.
Target the $56.40 price level.
Disclaimer:
This is not financial advice. Always do your own research before making any investment decisions.
Analysis:
AVAX is currently facing resistance at the $44.12 price level.
A breakout above this level could signal a bullish move towards the $56.40 target.
To confirm the breakout, traders should monitor the following:
BTC.D: If BTC.D is trending downwards and breaks below a support level, this could indicate a bullish trend for altcoins like AVAX.
Total2: A green candle on the Total2 indicator could further confirm a bullish move for AVAX.
Entry:
Consider entering a long position if AVAX closes a candle above $44.12.
Place a stop-loss order at $41.95.
Target the $56.40 price level.
Disclaimer:
This is not financial advice. Always do your own research before making any investment decisions.
Catatan
It still has the potential of this movement, only the entry point is 44.34Trading ditutup: target tercapai
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.