There is a Trading Signal to Buy in AVAXUSDT Avalanche
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 56.0
⭕️SL : Close below 52.50
🔵TP1 @ 65.30
🔵TP2 @ 74.70
🔵TP3 @ 86.30
If you liked our ideas, please support us with your likes 👍 and comments .
Have a glance at the above chart. We see AVAX has been following a rising wedge kinda pattern and according to fibonacci retracements & Fib Time we have 190 on the table. Also pay attention to the bounce that might happen according to the rising wedge, we also see a hidden bullish divergence Hold your bags!
Bitcoin is 8% down today, taking down all altcoins with it. Reason? The Covid pandemic, ofcourse. The Stock markets are down, affecting other markets too.
About AVAX, we missed the target of 160 in the previous analysis, but it did go around 146. It is near the golden level of Fibonacci on the daily timeframe, might retrace from the golden level which is between...
Previous analysis on AVAX failed as it stayed really bullish. AVAX has been bullish even when Bitcoin went bearish. People are having interest in this project and trusting it.
So now, if it stays bullish, It might reach the target of 160 USDT, or else, it might take support near the 105 to 110 USDT zone.
Our previous target for AVAX to 100 has been hit successfully, now what's the plan for short term now?
AVAX might take a dip again if Bitcoin falls further. It might take support near $92 to $100.