Avalanche (AVAX): Possible Zone Of Rejection / Incoming

Avalanche had broken the 100EMA with a nice and steady upward movement here, which is now approaching the 200EMA threshold zone.

We are looking for a potential movement to lower zones near the current market price, which has also led RSI into the overbought zones.

If we see a nice rejection here, we will see further downward movement!

Swallow Team

Commento:

Avalanche has made an amazing movement after that rejection from 200EMA (where price did not secure above that line).

✅ We got +12.51% of marketprice movement

Trade chiuso: obiettivo raggiunto:

Avalanche has made a really good movement after that rejection, resulting in a nice 17% of marketprice movement. Currently, we can see price testing that branch of EMAs which is crucial for AVAX, as if it doesn't hold, then we will be back trading below EMAs

🟢Trade Was Successful / +17.52%