🔍 AVAX/USDT Analysis: 1-Hour Timeframe 📉

The AVAX/USDT chart on a 1-hour timeframe highlights significant upcoming dates where price movements may present trading opportunities. As always, it is crucial to analyze these signals in conjunction with higher timeframes for a more comprehensive understanding of the market.

• August 24, 2024, 17:00, September 6, 2024, 05:00, September 19, 2024, 17:00 - Red Lines: These times mark potential local peaks. Traders might consider these as moments to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• August 31, 2024, 21:00, September 12, 2024, 09:00, September 24, 2024, 21:00 - Green Lines: These times indicate potential local lows, providing favorable conditions for accumulating AVAX or entering long positions.

When working with this 1-hour timeframe, keep in mind that these movements should be evaluated with a global perspective, considering higher timeframes to better grasp the overall market trend.

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