AVAX: Not ready just yet
Hello everyone,
AVAX is about to make a move, but the direction is still uncertain. Watch for a break of the descending triangle, or a break of the $51 support. In case of a break to the upside I expect a bullish crossover of the MACD launching AVAX to the $75 range first. Stop loss around $47. The target after a break of ATH is just under $100.
Be aware we can still go lower. A break of support might drop AVAX to the $32-$39 region. I do favor the upside for now, but I am waiting for the decisive move.
AVAX is about to make a move, but the direction is still uncertain. Watch for a break of the descending triangle, or a break of the $51 support. In case of a break to the upside I expect a bullish crossover of the MACD launching AVAX to the $75 range first. Stop loss around $47. The target after a break of ATH is just under $100.
Be aware we can still go lower. A break of support might drop AVAX to the $32-$39 region. I do favor the upside for now, but I am waiting for the decisive move.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.