AVAX / TetherUSLong
AVAXUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for AVAXUSDT
Based on our last prediction on July 24, we had a short position and we expected a falling trend and now this has happened and all our targets are hit. In the present chart, we have R2 an R1 as our resistance lines which show the unsuccessful attempts of the price to rise. And S1 and S2 are the support lines that include the support of the price at some points. Here you see that the price is fluctuating below R1 and we believe it will fall to S1 and then face a rise to R1. Be careful here. This falling trend may be a failure in break and the price is able to rise upward again. So we suggest you to activate your stop-loss in order to have less risky trades and less loss. Even note that R1 is considered a good area for saving profits. Then the price is able to fix itself at R1 and give us some confirmation candles to face more rise to R2. Even it may happen that the price loses the support and start a decline by reaching at R1.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for AVAXUSDT
Based on our last prediction on July 24, we had a short position and we expected a falling trend and now this has happened and all our targets are hit. In the present chart, we have R2 an R1 as our resistance lines which show the unsuccessful attempts of the price to rise. And S1 and S2 are the support lines that include the support of the price at some points. Here you see that the price is fluctuating below R1 and we believe it will fall to S1 and then face a rise to R1. Be careful here. This falling trend may be a failure in break and the price is able to rise upward again. So we suggest you to activate your stop-loss in order to have less risky trades and less loss. Even note that R1 is considered a good area for saving profits. Then the price is able to fix itself at R1 and give us some confirmation candles to face more rise to R2. Even it may happen that the price loses the support and start a decline by reaching at R1.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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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.
Related publications
Disclaimer
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.