cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Reversal In Progress? Avalanche Double Bottom Eyes Next Fib Resistance Zone

-

by

cryptd.in
in

Avalanche (AVAX) is starting to flash signs of a potential trend reversal as a clear double bottom pattern forms on the weekly chart. With price action building strength, bulls now have their sights set on the next key Fibonacci resistance zone. 

Double Bottom Strengthens: Can Fibonacci Levels Hold?

In a recent analysis of the weekly chart posted on X, The Boss, a market analyst, highlighted that Avalanche is currently establishing a solid technical foundation. He noted the emergence of a clear double bottom formation, often considered a reliable reversal signal when confirmed.

According to The Boss, if this bullish pattern continues to play out, traders should keep an eye on the resistance zones marked by yellow lines, which are based on Fibonacci retracement levels. 

Avalanche

The Boss emphasized that the most critical level to watch is the horizontal resistance represented by the green line. He explained that a strong weekly close above this area would likely act as a technical catalyst, potentially unlocking more upside for AVAX in the near term

Charting Key Technical Indicators

Sharing further technical breakdown, The Boss drew attention to several key indicators that signal growing bullish momentum for AVAX. One of the standout observations is the MACD on the weekly chart, which is on the verge of a bullish crossover—a classic signal that buying pressure is gaining strength.

The Boss also noted that the Relative Strength Index (RSI) is hovering around 55, just above the midpoint of the neutral zone. This positioning, coupled with its upward tilt, reflects a shift in momentum that favors the bulls. If the key indicator continues this upward trajectory, it could reinforce the developing bullish sentiment.

Turning to the ADX, The Boss explained that while it remains below the 25 threshold—typically used to define a strong trend—it is showing gradual signs of strengthening. He suggested that a move above 25 would add weight to the bullish case by confirming the emergence of a more defined upward trend.

Volume was another factor that The Boss highlighted in his analysis. He pointed out a steady increase in trading volume over recent weeks, which often signifies growing investor interest and confidence. In his view, this uptick supports the technical outlook and adds fuel to the potential breakout scenario.

However, The Boss issued a note of caution despite the promising setup. He emphasized that crypto markets are inherently volatile, and for this bullish case to hold, price action must remain above key resistance zones. Traders, he advised, should watch closely for confirmation from indicators and weekly closes to validate the continuation of the trend.

Avalanche

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (371) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (65) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (64) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (5) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.