Pair: Avalanche / USD
Timeframe: 15-Minute
Indicator: LuxAlgo Supply and Demand + Volume Range
Current Price: $20.06
Key Support: $20.15
Major Resistance Zones:
$21.23 (mid-range target)
$22.15 (supply zone)
---
Chart Breakdown:
AVAX has dropped into a strong demand zone between $20.15–$20.00, which has historically triggered bullish reactions. A bullish candle has formed right at this zone, hinting at a possible reversal setup.
Two trade paths:
1. Reversal Scenario (High Probability):
A bounce from this zone could push price toward $21.23 or even $22.15.
Watch for bullish candlestick patterns (like engulfing or pin bars) around this area.
2. Breakdown Scenario:
If price breaks and closes below $20.00 with high volume, expect continuation to lower demand zones (watch for a separate update).
---
Trade Setup:
Buy Zone: $20.00–$20.15 (on bullish confirmation)
Target 1: $21.23
Target 2: $22.15
Stop Loss: Below $19.80 (tight) or $19.60 (conservative)
---
What to Watch:
The next 3–5 candles will be crucial. A bullish reaction from this demand zone could signal the next upward leg.
Engage:
If this analysis helped, drop a like, comment your thoughts, and follow for daily crypto setups!
#AVAX #Avalanche #CryptoTrading #SupplyDemand #PriceAction #LuxAlgo #Scalping #CryptoAnalysis
Timeframe: 15-Minute
Indicator: LuxAlgo Supply and Demand + Volume Range
Current Price: $20.06
Key Support: $20.15
Major Resistance Zones:
$21.23 (mid-range target)
$22.15 (supply zone)
---
Chart Breakdown:
AVAX has dropped into a strong demand zone between $20.15–$20.00, which has historically triggered bullish reactions. A bullish candle has formed right at this zone, hinting at a possible reversal setup.
Two trade paths:
1. Reversal Scenario (High Probability):
A bounce from this zone could push price toward $21.23 or even $22.15.
Watch for bullish candlestick patterns (like engulfing or pin bars) around this area.
2. Breakdown Scenario:
If price breaks and closes below $20.00 with high volume, expect continuation to lower demand zones (watch for a separate update).
---
Trade Setup:
Buy Zone: $20.00–$20.15 (on bullish confirmation)
Target 1: $21.23
Target 2: $22.15
Stop Loss: Below $19.80 (tight) or $19.60 (conservative)
---
What to Watch:
The next 3–5 candles will be crucial. A bullish reaction from this demand zone could signal the next upward leg.
Engage:
If this analysis helped, drop a like, comment your thoughts, and follow for daily crypto setups!
#AVAX #Avalanche #CryptoTrading #SupplyDemand #PriceAction #LuxAlgo #Scalping #CryptoAnalysis
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✅ICMARKETS frankfxx.com/icmarkets
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✅ XM frankfxx.com/xm
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.