AVAUSD
Thoughts
After a long fall, buyers were able to buy back the main supply of the coin and pull the price into a sideways trend.
Over time, volatility began to fall, thereby finally making it clear that the Descending Triangle pattern is forming.
At the moment, the price was able to adjust with the global resistance of the triangle.
For altcoins, breaking through global trends often occurs on the second attempt, while for BTC on the first.
AVA already had one attempt to break through, after which the price was rolled back with a long squeeze. After local accumulation, we again see an impulse, which, with a high degree of probability, will break through the resistance.
☑️ Global breakout targets are indicated on the chart by blue lines: $1.047 - $1.361 - $1.788
But remember that everything can change at any time, you need to be flexible and monitor the market. Happy trading.
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Thoughts
After a long fall, buyers were able to buy back the main supply of the coin and pull the price into a sideways trend.
Over time, volatility began to fall, thereby finally making it clear that the Descending Triangle pattern is forming.
At the moment, the price was able to adjust with the global resistance of the triangle.
For altcoins, breaking through global trends often occurs on the second attempt, while for BTC on the first.
AVA already had one attempt to break through, after which the price was rolled back with a long squeeze. After local accumulation, we again see an impulse, which, with a high degree of probability, will break through the resistance.
☑️ Global breakout targets are indicated on the chart by blue lines: $1.047 - $1.361 - $1.788
But remember that everything can change at any time, you need to be flexible and monitor the market. Happy trading.
If you like the idea, don't forget to subscribe and rate like👍