AVAX
2024-08-31

🔍 AVAX/USDT Analysis: 4-Hour Timeframe 📉

The AVAX/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.

	•	September 8, 2024, 9:00 AM - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
	•	September 12, 2024, 9:00 AM - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating AVAX or entering long positions.
	•	September 19, 2024, 5:00 PM, September 25, 2024, 6:00 PM - Red Lines: These are additional times marking potential local peaks, suggesting moments to consider exiting positions before a downturn.

When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.

Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).