Recently, AVAX's performance has been quite dramatic. Do you remember the black swan event on October 10th? The price directly dropped to 8.48. From the monthly chart, this has already broken the lows of nearly four years. Interestingly, for almost three months afterward, AVAX did not fall below this level again. What does this indicate? It’s highly likely that a rebound is brewing.
Let's look at this from a Chan Theory perspective. Yesterday morning around 7 o'clock, AVAX showed a bottom divergence on the 30-minute chart—that is, a new low with weakening momentum. This is a very clear reversal signal. According to Chan Theory logic, it’s highly probable that a four-hour rebound wave will follow.
So, the trading approach is straightforward: if there is a pullback on the 30-minute chart in the afternoon or evening, that’s a good opportunity to enter.
**Trading Plan**
A long position is clearer. Consider entering between 13.73 and 13.85, as this range offers more confidence. The target is around 14.4, where resistance is expected, and above that is the 14.8 level. If it breaks through, you can consider holding further. Set the stop-loss at 13.2; this risk management is quite reasonable.
Of course, technical analysis is just a reference; the market always has uncertainties. The key is to manage risk properly.
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failed_dev_successful_ape
· 8h ago
The bottom divergence this time is indeed a signal, but I really can't understand Chan Theory. I'll just wait until a breakdown to decide.
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ForkThisDAO
· 8h ago
I believe in the bottom divergence of the Chan Theory, but whether this price level can hold remains to be seen. Risk management is the key.
View OriginalReply0
LightningLady
· 8h ago
The concept of underlying divergence sounds good, but I'm worried it might just be superficial wealth. Let's see.
View OriginalReply0
RugpullTherapist
· 8h ago
Is the bottom divergence signal reliable? I always feel like I get cut off every time I look at Chan Lun.
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SoliditySurvivor
· 9h ago
The bottom divergence trick is indeed brilliant, but whether AVAX can truly rebound still depends on Bitcoin's mood.
Recently, AVAX's performance has been quite dramatic. Do you remember the black swan event on October 10th? The price directly dropped to 8.48. From the monthly chart, this has already broken the lows of nearly four years. Interestingly, for almost three months afterward, AVAX did not fall below this level again. What does this indicate? It’s highly likely that a rebound is brewing.
Let's look at this from a Chan Theory perspective. Yesterday morning around 7 o'clock, AVAX showed a bottom divergence on the 30-minute chart—that is, a new low with weakening momentum. This is a very clear reversal signal. According to Chan Theory logic, it’s highly probable that a four-hour rebound wave will follow.
So, the trading approach is straightforward: if there is a pullback on the 30-minute chart in the afternoon or evening, that’s a good opportunity to enter.
**Trading Plan**
A long position is clearer. Consider entering between 13.73 and 13.85, as this range offers more confidence. The target is around 14.4, where resistance is expected, and above that is the 14.8 level. If it breaks through, you can consider holding further. Set the stop-loss at 13.2; this risk management is quite reasonable.
Of course, technical analysis is just a reference; the market always has uncertainties. The key is to manage risk properly.