Join Our Telegram channel to stay up to date on breaking news coverage
AVAX remains under Bears’ control
Avalanche (AVAXUSD) Price Analysis – 29 November
A further increase in bearish momentum may take the price below $11, which may extend to $10 and $09 levels. When buyers gain more momentum, AVAX may further increase to $12, $14, and $16 resistance levels.
AVAX/USD Market
Key Levels:
Resistance levels: $12, $14, $16
Support levels: $11, $10, $09
AVAX/USD Long-term Trend: Bearish
Avalanche is on the bearish movement. The coin has been under the bears’ control since three weeks ago. The coin reaches the low $14 support level. The sellers’ pressure was not enough to break down the barrier at the just-mentioned level. Avalanche price pulled back due to an increase in the buyers’ pressure and tested $20 resistance level on 04 November. An inverted pin bar formed at the same level and the seller’s momentum increased again. Price broke down the former support of $12, it is testing the support level of $11.
On the daily chart, sellers are dominating the market. Avalanche has broken down the dynamic support level, it is trading below the two EMAs. A further increase in bearish momentum may take the price below $11, which may extend to $10 and $09 levels. When buyers gain more momentum, the price may further increase to $12, $14, and $16 resistance levels.
AVAX/USD Medium-term Trend: Bearish
Avalanche performance is bearish in the 4-hour chart. The price bounced up from the $14 support level and tested the $20 resistance level. The seller opposed the buyers at the resistance level of $20. Sellers would not let Avalanche go as more bearish candles are produced and the price is falling accordingly. At the moment, the price is facing the support level of $11.
The price is trading below 9 periods EMA and 21 periods EMA as an indication that the bears are in control of the AVAX market. The Relative Strength Index period (14) is at 44 levels and the signal line points down to indicate a sell signal. AVAX is struggling to break up low resistance level while Dash 2 Trade and IMPT are soaring higher.
The IMPT presale has raised almost $13.5 million and it is important to know that it is live on their official website. This project makes everybody partake and assist the planet in a cool and efficient manner. Do not miss this attractive offer. You can also join their Discord channel.
The FTX disaster shows that there is a need for a cutting-edge, innovative platform that can detect disasters that are similar to FTX/FTT, and enable speculators to pinpoint secure trading signals for massive returns. The platform is Dash 2 Trade (D2T), whose presale is currently ongoing. The presale has realized about $7.5 million. D2T affiliate program is also open to all. You can earn your share of the revenue by using the Dash 2 Trade referral links!
Related
Dash 2 Trade – High Potential Presale
- Active Presale Live Now – dash2trade.com
- Native Token of Crypto Signals Ecosystem
- KYC Verified & Audited
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
