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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.

DateMarch 25, 2023 - 11:13
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 22.80, continuation of downtrend is expected.
  • We make sure when the support at 10.55 breaks.
  • If the resistance at 22.80 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 30 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 13.90 on 03/10/2023, so more gains to resistance(s) 16.84, 19.85 and maximum to Major Resistance (22.80) 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 49.

Supports and Resistances:

  1. 146.91
  2. 127.30
  3. 103.60
  4. 81.30
  5. 65.55
  6. 52.95
  7. 41.55
  8. 30.35
  9. 26.40
  10. 22.80
  11. 19.85
  12. 16.84
  13. 14.40
  14. 12.53
  15. 10.55
Click on the level to view price action history.

Symbol Released Current Forecast
Avalanche (AVAXUSD) Sun, 16 Jun 2024
Avalanche (AVAXUSD) Sun, 9 Jun 2024
Avalanche (AVAXUSD) Sun, 2 Jun 2024
Avalanche (AVAXUSD) Sun, 26 May 2024
Avalanche (AVAXUSD) Sun, 12 May 2024