Can you believe we’re almost halfway through March?
If you haven’t found your winning setups yet, then you can check out GME, AVAX, and GBP/AUD’s charts for opportunities.
Take a look at their daily and weekly charts!
Gamestop Corporation (GME): Daily
Gather ’round, apes!
Gamestop Corporation (GME) is flirting with the 91.00 psychological area near January’s lows.
With the company printing earnings data this week, you can bet that at least some traders are watching the previous support zone.
Stochastic may be giving us higher lows at the oversold area, but the latest daily candlesticks don’t exactly show bullish momentum.
Watch how GME reacts to the 91.00 zone to see if you should trade a bounce or a support break!
AVAX/USD: Weekly
The past couple of weeks have not been good for smart contract platform Avalanche (AVAX) as it popped up red candlesticks with long wicks at the top.
Will the bearishness lead to a support breakout?
AVAX/USD is sporting a Head and Shoulders pattern with the “neckline” lining up with a trend line area of interest.
A clear break below the pattern’s support could drag the crypto pair to the $40 – $45 inflection point.
A bounce from the trend line, on the other hand, could bump AVAX/USD back to 2022’s highs.
GBP/AUD: Weekly
GBP/AUD is about to head to a major support zone!
Just a couple of weeks ago, GBP was trading at 1.9150 against AUD.
But a few weeks is a long time for currency cross playas and now GBP/AUD looks ready to retest the 1.7500 area that’s been supporting GBP since 2018.
Before you buy the pound like there’s no tomorrow, take note that Stochastic is already near oversold territory.
What’s more, the bearish candlesticks have also calmed down from showing strong bearish pressure to a bit of consolidation.
Will GBP/AUD drop closer to the long-term range support? Or will the bulls step in at current levels to push the pair higher?
