The swing failure pattern is a technical analysis trading pattern that occurs when an asset, in this case Bitcoin (BTC), tries to make a new high or low but fails to do so and then reverses direction. In the context of BTC at the 21448 level, this means that BTC attempted to move higher but failed to break through a key resistance level and instead reversed to the...
This trading view idea proposes a long position in AVAX, the native token of the Avalanche blockchain network. The idea is based on the observation that AVAX has respected a strong daily support level twice in the recent past, indicating a potential price floor.
Furthermore, the idea takes into account the possibility of a BTC reversal, which could lead to a...
