AVAX broke out of the ascending triangle and is basing into a flag pattern. Bumped the 200dma and looks ready to go. Need strong volume on the breakout. One of the best setups atm for momentum traders given the VCP.
Measured move from the flag is to $110-115, but my hunch is that we get to new highs sooner than people think. AVAX has a lot of momentum from the Avalanche Summit, which ends tomorrow, and is in a strong long-term uptrend.
Measured move from the flag is to $110-115, but my hunch is that we get to new highs sooner than people think. AVAX has a lot of momentum from the Avalanche Summit, which ends tomorrow, and is in a strong long-term uptrend.
Commentaire:
Breaking out. Over ~$93 should get price moving much faster