Possible Scenario for AVAX/USDT:
1. Price Action: The price is within a descending channel marked by the blue lines. This suggests a bearish trend as the price has been making lower highs and lower lows.
2. Potential Scenarios:
- The **green arrow** indicates a potential bullish scenario, where the price might break out to the upside, aiming toward a target of around $31.84.
- The **red arrow** suggests a bearish scenario, where the price might break down further, potentially testing the lower support level near $11.91.
3. Key Levels:
- **Resistance**: Around the $31.84 level (shown in red), which could be a strong resistance zone if the price attempts a recovery.
- **Support**: Near the $11.91 level (shown in green), which could act as strong support if the downtrend continues.
1. Price Action: The price is within a descending channel marked by the blue lines. This suggests a bearish trend as the price has been making lower highs and lower lows.
2. Potential Scenarios:
- The **green arrow** indicates a potential bullish scenario, where the price might break out to the upside, aiming toward a target of around $31.84.
- The **red arrow** suggests a bearish scenario, where the price might break down further, potentially testing the lower support level near $11.91.
3. Key Levels:
- **Resistance**: Around the $31.84 level (shown in red), which could be a strong resistance zone if the price attempts a recovery.
- **Support**: Near the $11.91 level (shown in green), which could act as strong support if the downtrend continues.
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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.
Telegram: t.me/Crypto_Sheykh
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.