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Weekly forecast Avalanche technical chart
Symbol AVAXUSD

Trading suggestion:

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

DateJuly 23, 2022 - 12:52
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 52.95 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • While the RSI uptrend #2 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 16.35 on 07/13/2022, so more gains to resistance(s) 29.10, 37.05 and maximum to Major Resistance (52.95) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 59.

Symbol Released Current Forecast
Avalanche (AVAXUSD) free Sun, 24 Mar 2024
Avalanche (AVAXUSD) free Sun, 17 Mar 2024
Avalanche (AVAXUSD) free Sun, 10 Mar 2024
Avalanche (AVAXUSD) Sun, 3 Mar 2024
Avalanche (AVAXUSD) free Sat, 24 Feb 2024