Currently, the price of Avalanche (AVAX) is 37.13 USD. Below is a detailed analysis of support and resistance levels, price patterns, technical signals, and investment strategies for AVAX:
1. Strongest support and resistance areas:
• Strong Support:
• 30.00 USD: An important support level where the price has bounced several times in the past.
• 25.00 USD: A deeper support level that has held during strong corrections.
• Strong Resistance:
• 50.00 USD: An important resistance level that needs to be surpassed to establish a long-term uptrend.
• 60.00 USD: The next resistance level, close to AVAX's historical peak.
2. Nearest support and resistance areas:
• Nearest Support:
• 35.00 USD: The nearest support level where the price has reacted in recent trading sessions.
• Nearest Resistance:
• 40.00 USD: The nearest resistance level that needs to be surpassed to continue the short-term uptrend.
4. Investment recommendations:
• Buying strategy: It is advisable to gradually buy at the nearest support levels (35.00 USD) and strong support (30.00 USD) to optimize profits and minimize risks.
5. Best entry points:
• 35.00 USD: The nearest support level, suitable for opening a buy position.
• 30.00 USD: Strong support level, can consider buying more if the price adjusts back here.
6. Short-term, medium-term, and long-term buy/sell signals:
• Short-term:
• Entry: 35.00 USD
• Stop-loss: 32.00 USD
• Take profit 1: 40.00 USD (take 50%)
• Take profit 2: 45.00 USD (take 50%)
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