Support and Resistance Zone: 35.71-38.93
2025-01-22
Category: None


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(AVAXUSDT 1M chart)

The key is whether it can receive support near the MS-Signal (M-Signal on the 1M chart) indicator and break through the 51.54 point upward.

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(1D chart)

The 35.71-38.93 zone is an important support and resistance zone from a trend perspective.

Therefore, the key is whether it can receive support in this zone and rise to around 44.60.

If not, and it falls below 35.71 and shows resistance, it is expected to touch the M-Signal indicator on the 1M chart.

If it falls below the M-Signal indicator on the 1M chart, there is a possibility that a long-term downtrend will occur, so caution is required when trading.

Therefore, in the current situation, it is recommended to buy in installments when it is supported in the 35.71-38.93 range, and not buy when it falls below 35.71 and watch the situation.

If you want to trade in the short term, buy when it shows support near 38.93,
1st: 41.31
2nd: 44.60
We recommend a strategy of selling in installments depending on whether there is support near the 1st and 2nd above.

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In any case, it must rise above 51.54 to create a new upward wave.

Therefore, you should choose how to buy in the 35.71-38.93 range according to your investment style and investment period.

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Thank you for reading to the end.
I hope you have a successful trade.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been in an upward trend since 2015 following a pattern.

In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.

Accordingly, the upward trend is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, you can see that the upward trend is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, it is expected that prices below 44K-48K will not be seen in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

In other words, it is the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, it is expected that this Fibonacci ratio will be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

It is up to you how to view and respond to this.

If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.

The reason is that the user must directly select the important selection points required to generate Fibonacci.

Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

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