As we can see avax didn't follow our descending ∆ .
So now we have to get profit from our buying zoen (its breakpoint) ,
Which we can achieve it on buying it at the supports and selling it at resistance.
Also keep in mind that if you are in loss of more than 12-15% just look at the RSI if it is in 25-30 or below that don't hesitate to do DCA.
I have drawn Fib of Avax , this would be the short term target and I guess we have bottomed for AVAX now it will go up until and unless if follows the trend line.
was expecting as per analysis to price go sideways but it broke the trend line and drop down to 65
we still hanging on to trade with 60 tsl
major cryptos correcting reflecting their peer coins too
58-60 can be next support
After recent attack on avax coin the price broke down the trendline and consolidated came back to the price of reversal, but showing good buying happening again. with the help of fib extensions and pitchfork i've drawn some conclusion from recent high and lows price can go up to 70-75+ levels
comment your fav coin and lets discuss about it on the charts
happy trading
Avax is moving in a bullish flag and a breakout seems plausible with today's close with decent volumes, this breakout could lead to another leg up and might take it towards 80+ level. Fingers closed as of now let's see how this pans out.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (42.55).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Avax good above 37.5
With 1st target of 60$
And 2 nd target of 83$
Symetrical triangle breakout at 37.3$
And weekly breakout confirmation at 40$ it can fly high
Breakout happening after consolidation of 4 months
