Red squares/lines = resistance green squares/lines = support.
I am also using two pitchforks: The blue pitchfork; longer term pitchfork and is an inside pitchfork. The red pitchfork; the shorter term pitchfork, and is an original pitchfork.
What is happening with AVAX right now?
AVAX had gone down after a very big push. After two pushes downwards, we got a support area. Unfortunately, AVAX quickly got resistance. Now we have gotten support, with the same support area, the red pitchfork, and a RSI bullish divergence. AVAX is doing a more successful push this time. AVAX still needs to break through this current resistance area though. After that, there are more potential resistance areas that I have put on the chart with the help of previous support area and pitchfork lines. (See the chart as reference)
S/R LEVELS
Support: Around 88-80
Resistance:
Right now: Around 93-96
The one after that: Around 106 - 110
The next one after that: Around 114 - 118
The final one: Around 124 - 130
Disclaimer: I AM NOT A FINANCIAL ADVISOR! THIS IS FOR EDUCATIONAL AND ENTERTAINMENT PUPROSES. DO YOUR OWN RESEARCH! DON'T INVEST MORE THAN YOU ARE WILLING TO LOSE!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.