Hello friends, today you can review the technical analysis on a 1D linear scale chart for Avalanche (AVAXUSD), a cryptocurrency.
Quick Analysis:
1) The price has been respecting a multi-month parallel channel it formed in early 2021.
2) Since August 2021, the price has been supported by a trendline, which it is hovering above/below over the past few days.
3) If the price does not come back above the support trendline, keep an eye on the lower trendline of the parallel channel.
4) The RSI (relative strength index) has formed a multi-month bearish divergence.
5) Volume has reduced over the past few days compared to the past few months.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Quick Analysis:
1) The price has been respecting a multi-month parallel channel it formed in early 2021.
2) Since August 2021, the price has been supported by a trendline, which it is hovering above/below over the past few days.
3) If the price does not come back above the support trendline, keep an eye on the lower trendline of the parallel channel.
4) The RSI (relative strength index) has formed a multi-month bearish divergence.
5) Volume has reduced over the past few days compared to the past few months.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Ghi chú
BTC will help give an indication of where the price may be headed. Keep an eye on BTC.Ghi chú
nicely predicted!Ghi chú
pattern still in play!
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.