A while ago I made an analysis on AVAX and the bullish channel it was trading in.
After hitting the $150 area, AVAX saw two days of strong losses, which was to be expected after seeing a 2.5x in a matter of a few weeks.
As of today, it seems that there's a rotation in place. Coins which have been mooning for a while are seeing minor sell-offs while previously bearish coins are picking up. This might indicate that there's more pain to come for AVAX.
in that case, I'm looking at the support area for a potential reversal. This support area is also placed around the area where I expect the price to reach the channel's support, which would mean an even bigger probability for a reversal. Target placed around the current ATH, $150.
Happy trading!
After hitting the $150 area, AVAX saw two days of strong losses, which was to be expected after seeing a 2.5x in a matter of a few weeks.
As of today, it seems that there's a rotation in place. Coins which have been mooning for a while are seeing minor sell-offs while previously bearish coins are picking up. This might indicate that there's more pain to come for AVAX.
in that case, I'm looking at the support area for a potential reversal. This support area is also placed around the area where I expect the price to reach the channel's support, which would mean an even bigger probability for a reversal. Target placed around the current ATH, $150.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: fierytrading.com
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.