12 June My Technical Analysis

$AVAX has arrived at an important support that was previously displayed on charts. If there's going to be a reaction, it should be here today or tomorrow.

Let's put it in numbers, the 18 USD support level is of great importance in monthly and weekly.

With the weekly close below, 13 and 10 USD levels are looked at. Weekly closing on it, especially today, if there is a sudden reaction purchases, then I will see if there is weakness for the short in the 24's. Since the decline is breathless here (for 10 weeks), a short squeeze that may come, frankly, will hurt a lot, those who have opened a short transaction in alt coins, be careful, make sure to use a stop and realize 50% of the support.

We said that if the $SOL weekly close is below 47, there is a high probability of continuing the decline towards the 26-19 price zone.

The point reached is a decrease from 47 USD to 31 USD. (35%)

$SOL gives bullish divergence (positive mismatch) warnings. We can get a very serious reaction within 1-2 weeks.

A drop as low as 29/24 USD is possible for now. Following the analysis I gave at the 47 USD level, if there is anyone on the short side, they can follow these targets with a maximum of 25% of the position, there is no need for more risk. Be sure to realize it. Do not open new shorts!

$BTC

Today is the last day of the week and we have come a long way with the weekend declines, if they do not continue up in the evening, we will open a downward gap.

For short-term positioning;

If it goes above 27600, then you can try your luck up to around 28.2 and 28.7 by using the hourly closings on the buy side as confirmation. The continuation of closings below 27.4 (30min 1h) can be considered as an indicator of weakness.

Good luck with,

It is not investment advice.

Graph Source: Tradingview