AVAX Avalanche 4H - Support Targets
Today I am reviewing the 4H chart for Avalanche (AVAX) on a linear scale.
The price dropped today as did the entire crypto market except for a few outliers.
In the chart I noted:
1) The Ichimoku Cloud support in green which is looking strong.
2) 3 areas of Support in case there is a possible price drop further.
3) The 50/100/200 MA with the 100MA at Support 2.
4) The Volume Profile (VPVR) showing the major support areas going down.
The volume overall looks healthy. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline.
What are your opinions on this? I love reading your comments below.
Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas.
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
The price dropped today as did the entire crypto market except for a few outliers.
In the chart I noted:
1) The Ichimoku Cloud support in green which is looking strong.
2) 3 areas of Support in case there is a possible price drop further.
3) The 50/100/200 MA with the 100MA at Support 2.
4) The Volume Profile (VPVR) showing the major support areas going down.
The volume overall looks healthy. Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline.
What are your opinions on this? I love reading your comments below.
Check out more below for recent Altcoin, Bitcoin , Stock and Commodities Ideas.
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
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