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Avaxusdtlong

AVAX/USDT 1DAY UPDATE BY @CRYPTOSANDERS !!Welcome to this quick AVAX/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason for Analysis:-Avalanche (AVAX) was a notable gainer on Tuesday, as prices surged following the release of U.S. inflation figures. November’s consumer price index (CPI) came in at 7.1%, which was lower than the 7.3% traders were expecting. As a result, AVAX/USD rallied to an intraday high of $14.09, which saw prices up by nearly 10%. Today’s rise saw the avalanche hit its strongest point since December 5, which was the last time the token was trading above its ceiling at $13.75. The 14-day relative strength index (RSI) also rose, breaking out of a resistance point of 51.50 in the process. Gains in AVAX have eased from earlier highs, and as of writing the token is trading at $13.94. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Hit the like button if you like it and share your charts in the comments section. Thank you...
BINANCE:AVAXUSD
by CryptoSanders9563
2
AVAXUSD -possible longHello fellow traders, Referring to the chart above, price has close above the downward trendline suggesting that price might rally to the supply zone (drawn on the chart). If price does close above this zone, there's a possible chance that price might start to rally to the next zone. however, if price does close below the weekly supply zone , there's a possible chance that price might retrace back to the weekly demand zone. note: This is just our thoughts and opinion based on technical analysis that we see. This article is not a trading or financial advised. Kindly do your own research and risk what you can afford. blessed trading everyone. Cheers.
BINANCE:AVAXUSDLong
by movingwfx