As a fairly new currency, I am currently waiting if 118.57 will act as a good support but candle wise, I can see AVAX correcting down to 108. Should 108 break, I will be re-entering for another shorting down to 97 but should that break, expect to consolidate for as low as 50+ USD.
My overall impression is that it will still go for a bull run but should consolidate first for formation of solid support.
Summary:
1st Entry: 136
1st TP: 108-110
2nd Entry: 108-118
2nd TP: 97
3rd Entry: 97-108
3rd TP: 66.7 (Derived from 0.5 of Gannbox)
Stop Loss: 150
This is my trading setup, do your own analysis. All values were estimated using Fib retracement and Darvas’s box but were removed for presentation purposes.
I am not a guru nor have a degree in Finance. I am a self-taught medical student and would very much like to find a mentor to further enhance my skills. Thank you.
My overall impression is that it will still go for a bull run but should consolidate first for formation of solid support.
Summary:
1st Entry: 136
1st TP: 108-110
2nd Entry: 108-118
2nd TP: 97
3rd Entry: 97-108
3rd TP: 66.7 (Derived from 0.5 of Gannbox)
Stop Loss: 150
This is my trading setup, do your own analysis. All values were estimated using Fib retracement and Darvas’s box but were removed for presentation purposes.
I am not a guru nor have a degree in Finance. I am a self-taught medical student and would very much like to find a mentor to further enhance my skills. Thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.