TradeDog-Research

AVAX-USDT(Range Breakout)

Panjang
BINANCE:AVAXUSDT   AVAX / TetherUS
Avalanche aims to be the Internet of Finance. It is an open-source platform that allows it to deploy blockchains either public or private, launch smart contracts and create digital assets on its platform.
On March 9, 2021, AVAX gained ~34% and since then, it is trading in that range.
Currently, it has given a breakout from the range($24-$35) and is signaling strong strength to initiate a fresh bullish move to the upside.
Key levels to look out:-

The supports to the lower side are placed at ~$34.88 followed by ~$33.5 respectively.
The resistance to the higher side are placed at $42.5 and $47 respectively.

Penafian

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