Idea on AVAX

19 Apr 2022

AVAX is on a daily uptrend. This is a nice opportunity to take advantage of the short pull back to the 78% fibonacci retracement to a higher low to maximise your profits. When we look left for clues, we see the same happened and the prices went up to 23% before pulling back again and making yet another higher low which gives us more confidence to trade long. There is a higher chance that the price will test the previous higher before proceeding to the next direction. A perfect spot to exit the trade.