AVAX UpdateBitcoin is 8% down today, taking down all altcoins with it. Reason? The Covid pandemic, ofcourse. The Stock markets are down, affecting other markets too.
About AVAX, we missed the target of 160 in the previous analysis, but it did go around 146. It is near the golden level of Fibonacci on the daily timeframe, might retrace from the golden level which is between 90 to 100 USDT. There are 2 major demand zone too, below the golden zone. Can't say when to buy, but I will buy between 90 to 100 only.
Avax
New target for AVAXHey everyone,
Previous analysis on AVAX failed as it stayed really bullish. AVAX has been bullish even when Bitcoin went bearish. People are having interest in this project and trusting it.
So now, if it stays bullish, It might reach the target of 160 USDT, or else, it might take support near the 105 to 110 USDT zone.
💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (88.32).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 94.00
TP2= @ 97.00
TP3= @ 100.00
TP4= @ 106.50
SL= Break below S2
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💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (79.74).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 85.57
TP2= @ 90.00
TP3= @ 95.00
TP4= @ 100.00
TP5= @ 105.00
SL= Break below S2
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💡Don't miss the great buy opportunity in AVAXUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 46.68
TP2= @ 52.28
TP3= @ 58.97
TP4= @ 68.43
TP5= @ 80.00
SL= Break below S2
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$GTC broke out with good volume Yesterday , I posted this chart and within few hours $GTC started picking up heat even in a choppy market , now we can expect a retest of the previous resistance. On a successful retest , the resistance will turn into support and it is good to add to your positions in the fib range 0.382,0.5,0.618 , I will be adding in these three spots by splitting up , stop loss below trendline , anyways watch out for BTC , if BTC falls then GTC would have less chance for upward continuation
$THETA local resistance 7.9 - 8.5 Theta facing so many resistacne above it and has to break all of it in the upcoming months , it will be a hard time for Theta to do it , local resistance is t 7.9-8.5 , I can't see any clear price discovery happened to theta in the short term after the triangle break , Triangle breakout also lacks volume , be careful before taking a trade too soon
💡It's a great buy opportunity in AVAXUSDT @avalancheavaxTrading suggestion:
. There is a possibility of temporary retracement to the suggested support line (24.80).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AVAXUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 55.60.
Take Profits:
TP1= @ 31.20
TP2= @ 36.70
TP3= @ 41.10
TP4= @ 45.70
TP5= @ 54.50
TP6= @ 60.40
SL= Break below S2
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💡 Don't miss the great buy opportunity in AVAXUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (36.60). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AVAXUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 42.65
TP2= @ 47.70
TP3= @ 53.67
TP4= @ 60.25
TP5= @ 66.05
TP6= @ 74.75
TP7= @ 86.35
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️