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Weekly forecast Avalanche technical chart
Symbol AVAXUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJuly 20, 2021 - 16:32
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 3.07, beginning of uptrend is expected.
  • We make sure when the resistance at 14.78 breaks.
  • If the support at 3.07 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 14.00 on 07/06/2021, so more losses to support(s) 9.31, 5.76 and minimum to Major Support (3.07) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 33.

Symbol Released Current Forecast
Avalanche (AVAXUSD) Sun, 14 Apr 2024
Avalanche (AVAXUSD) Sun, 7 Apr 2024
Avalanche (AVAXUSD) free Sun, 31 Mar 2024
Avalanche (AVAXUSD) free Sun, 24 Mar 2024
Avalanche (AVAXUSD) free Sun, 17 Mar 2024