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Weekly forecast Avalanche technical chart
Symbol AVAXUSD
Trade Setup

#AVAXUSDT
Total Profit: 21463 pip (1533%)
Closed trade(s): 13855 pip Profit (990%)
Open trade(s): 7608 pip Profit (543%)

Trade Setup:
We opened 9 BUY trade(s) @ 14.00 based on 'Valley' entry method at 2021.08.05.

Closed Profit:
TP1 @ 14.80 touched at 2021.08.06 with 80 pip Profit (6%).
TP2 @ 17.70 touched at 2021.08.13 with 370 pip Profit (26%).
TP3 @ 22.50 touched at 2021.08.17 with 850 pip Profit (61%).
TP4 @ 26.90 touched at 2021.08.18 with 1290 pip Profit (92%).
TP5 @ 30.55 touched at 2021.08.18 with 1655 pip Profit (118%).
TP6 @ 35.85 touched at 2021.08.20 with 2185 pip Profit (156%).
TP7 @ 41.80 touched at 2021.08.21 with 2780 pip Profit (199%).
TP8 @ 60.45 touched at 2021.09.12 with 4645 pip Profit (332%).
80 (6%) + 370 (26%) + 850 (61%) + 1290 (92%) + 1655 (118%) + 2185 (156%) + 2780 (199%) + 4645 (332%) = 13855 pip (990%)

Open Profit:
Profit for one trade is 90.08(current price) - 14.00(open price) = 7608 pip (543%)
1 trade(s) still open, therefore total profit for open trade(s) is 7608 (543%) x 1 = 7608 pip (543%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 75.50 is broken, we will close open trades.

DateJanuary 9, 2022 - 15:49
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 75.50, resumption of uptrend is expected.
  • We make sure when the resistance at 114.13 breaks.
  • If the support at 75.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 75.50 is broken.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 117.550 on 01/02/2022, so more losses to support(s) 79.788 and minimum to Major Support (75.500) 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 37.

Take Profits:

  1. 14.800
  2. 17.700
  3. 22.500
  4. 26.900
  5. 30.550
  6. 35.850
  7. 41.800
  8. 60.450
Click on the level to view price action history.

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