Avalanche (AVAX) - June 26hello?
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(AVAXUSDT 1W Chart)
Below 32.23 is likely to be a mid- to long-term investment area.
So, whether it can move higher than 32.23 is crucial.
(1D chart)
Resistance: around 32.23
Support: 13.47-16.55
It is necessary to check whether there is any movement that deviates from the section 16.55-23.96.
If it moves above 23.96 and finds support, I expect it to turn into an uptrend in the short-term and medium-term.
However, it is expected that it will lead to further upside only when it rises above 32.23 and needs to be supported.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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