This analysis examines the Avalanche (AVAX) price chart, specifically focusing on a technical pattern that suggests a possible bullish breakout.
Wyckoff Accumulation Schematic:
The chart appears to be exhibiting a Wyckoff accumulation schematic. This theory, developed by legendary trader Richard Wyckoff, suggests a price pattern that can precede a significant upward move. Here's a breakdown of the Wyckoff accumulation phases:
Spring: An initial downtrend that tests support levels and identifies strong buying interest.
Selling Climax: A sharp price drop that shakes out weak holders.
Accumulation Schematic: A trading range with relatively equal highs and lows, representing accumulation by informed buyers.
Markup: A sustained price increase as buying pressure overwhelms selling pressure.
Potential Breakout:
The current price action suggests AVAX might be nearing the end of the accumulation phase and on the verge of a breakout, or "jumping the creek" as some analysts refer to it based on the Wyckoff terminology. This breakout would ideally be accompanied by increased trading volume to confirm buying pressure.
Target Price:
Based on the Wyckoff accumulation theory, the target price for AVAX could be around $87 or higher. This target is projected by measuring the height of the accumulation range and adding it to the breakout point.
Wyckoff Accumulation Schematic:
The chart appears to be exhibiting a Wyckoff accumulation schematic. This theory, developed by legendary trader Richard Wyckoff, suggests a price pattern that can precede a significant upward move. Here's a breakdown of the Wyckoff accumulation phases:
Spring: An initial downtrend that tests support levels and identifies strong buying interest.
Selling Climax: A sharp price drop that shakes out weak holders.
Accumulation Schematic: A trading range with relatively equal highs and lows, representing accumulation by informed buyers.
Markup: A sustained price increase as buying pressure overwhelms selling pressure.
Potential Breakout:
The current price action suggests AVAX might be nearing the end of the accumulation phase and on the verge of a breakout, or "jumping the creek" as some analysts refer to it based on the Wyckoff terminology. This breakout would ideally be accompanied by increased trading volume to confirm buying pressure.
Target Price:
Based on the Wyckoff accumulation theory, the target price for AVAX could be around $87 or higher. This target is projected by measuring the height of the accumulation range and adding it to the breakout point.
交易开始
注释
Avax back tested the breakout change of character area. $49.94 should hold maybe a wick to $47 but should not close under this price.注释
I expect a rip to the equilibrium area in the near future. Stop loss $44交易结束：到达止损
注释
注释
After being wicked out I’m still interested in Avax for so called upcoming alt bull run. Getting stopped out hurt but I have to stick to a plan. Bought Avax under $20 so was well in profit.
USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
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USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。