Alikze »» AVAX | Head and shoulders pattern
Telah dikemas kini
🔍 Technical analysis: Head and shoulders pattern
- It is moving in a downward channel in weekly and daily time.
- In the previous post, it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure.
- According to the current corrective structure, a head and shoulders pattern is formed.
- Also, due to the failure of the neck line, any return can be a pole back to the broken structure.
- So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618.
💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
AVAXUSDT
- It is moving in a downward channel in weekly and daily time.
- In the previous post, it was mentioned that if the supply zone fails, it can touch the next zones, which after retesting the zone, failed to break the red box and formed a corrective structure.
- According to the current corrective structure, a head and shoulders pattern is formed.
- Also, due to the failure of the neck line, any return can be a pole back to the broken structure.
- So the break of the $25 area will also lead to the break of the channel and it can have a triple correction with Fibo targets of 100 - then $12.5 and Fibo of 1.618.
💎 Alternate scenario: If the $25 zone is maintained and the supply zone fails, it can retest the next zone.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
AVAXUSDT Komen
Komen
According to the analysis and details provided in the recent update, after a test in the supply zone, it faced selling pressure and continued to correct up to the Fibo 100 zone. Currently, as long as it is below the $25 range, the downward trend will continue and it will have the ability to reach lower levels. If there is a change in the behavior and structure of the post, it will be updated. 
Penerbitan berkaitan
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.