Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for AVAXUSDT
Here we have R1 as our long-term resistance line and shows the price was unable to mover over it. S1 and S2 are support lines and include the well support of the price at some points. R3 and R2 areas used to be support areas. Now you see a reverse head and shoulders pattern in our chart and we believe the price will have a little fall and by a pull back to R1, it will complete the right shoulder. It is possible for the price to face a decline when it touches R1. Also if the price moves over R1 and is able to make good entrance candles, then we expect more rise for it toward R2 and above.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for AVAXUSDT
Here we have R1 as our long-term resistance line and shows the price was unable to mover over it. S1 and S2 are support lines and include the well support of the price at some points. R3 and R2 areas used to be support areas. Now you see a reverse head and shoulders pattern in our chart and we believe the price will have a little fall and by a pull back to R1, it will complete the right shoulder. It is possible for the price to face a decline when it touches R1. Also if the price moves over R1 and is able to make good entrance candles, then we expect more rise for it toward R2 and above.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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