Will Avalanche Ever Recover from Terra Luna Collapse? | AVAX Price Prediction
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Avalanche AVAX has seen 6 weeks of red weekly candlesticks which were unprecedented and mainly triggered by the Terra Luna collapse. The previous week's high volume looks like a volume climax, meaning we may have seen the end of this move down.
Furthermore, we are seeing the Fibonacci reach the .887 mark which marked the bottom of the retracement of the previous monthly upswing.
Even if we do recover, however, there is nothing to suggest it will be swift. We still have a downtrend on the weekly, daily, and monthly timeframes. What are the important support and resistance levels? Let's find out with Frank
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01.34 AVAX Price Prediction
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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
#avalanche #avax #terraluna
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Avalanche AVAX has seen 6 weeks of red weekly candlesticks which were unprecedented and mainly triggered by the Terra Luna collapse. The previous week's high volume looks like a volume climax, meaning we may have seen the end of this move down.
Furthermore, we are seeing the Fibonacci reach the .887 mark which marked the bottom of the retracement of the previous monthly upswing.
Even if we do recover, however, there is nothing to suggest it will be swift. We still have a downtrend on the weekly, daily, and monthly timeframes. What are the important support and resistance levels? Let's find out with Frank
⏱️ TIMESTAMPS
00:00 Intro
01.34 AVAX Price Prediction
FREE TRADING SIGNALS https://t.me/AltcoinBuzzSignals
ALTCOIN BUZZ CHAT https://t.me/AltcoinBuzzChat
TOP CRYPTO NEWS https://www.altcoinbuzz.io
FREE NEWSLETTER http://eepurl.com/dnIEz1
TWITTER https://twitter.com/altcoinbuzzio
COINGECKO https://gcko.io/altcoin-buzz
🚀 FREE CRYPTO PROJECT EVALUATION CHECKLIST
Use this checklist to help you with the research and due diligence process for any crypto project.
https://bit.ly/altcoinbuzz-checklist
➖ DISCLAIMER ➖
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
#avalanche #avax #terraluna
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