Can AVAX Climb Out of the Inverse Head and Shoulders?

The AVAX/USD 4-hour chart shows an interesting development with a potential resemblance to an inverse head and shoulders pattern. Based on technical analysis, if this pattern is confirmed, it could indicate a move towards $55-$59. However, remember that the crypto market is volatile and reaching this target is not guaranteed. This is not financial advice, and other factors are crucial before investing. What are your thoughts on this potential pattern and its implications for AVAX?

Commentaire:

Right shoulder invalidated if $32 fails as support.

Transaction en cours

Transaction en cours

Commentaire:

So far so good

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Avax need to close above $44 to continue to $60 target.

Transaction en cours

Transaction en cours

Commentaire:

Looking great and breaking out

Commentaire:

Nice gains and approaching target.