AVAX Macro Potential Bull Run Targets
As the market reaches an important pivot point in both time and price, we are looking at major rejection or a major rally.
Currently there has been no macro brakes of structure and prices have been continuting to rise. While these pivot points bring excellent short oppertunites the trend is still to the upside until it is not.
Looking at the Avax weekly we can see that a mesured move target is aligning quite nicely with the time factor given by the wave trend oscillator. Money flow is still in the red but is curving to the upside after a bounce off a critical support resistance flip.
Also notice that price is in the macro golden pocket and if the entire market wants to reverse to the down side this would be the place. For now the trend is intact and always best to trade the trend until it ends.
Current trading plan is to hold long until there is a clear brake of structure on the higher time frames or these macro high targets have been reached.
This chart is a supplement to the projections made earlier this year in the linked chart below.
Trade Well...
Your Friend,
Degen
Currently there has been no macro brakes of structure and prices have been continuting to rise. While these pivot points bring excellent short oppertunites the trend is still to the upside until it is not.
Looking at the Avax weekly we can see that a mesured move target is aligning quite nicely with the time factor given by the wave trend oscillator. Money flow is still in the red but is curving to the upside after a bounce off a critical support resistance flip.
Also notice that price is in the macro golden pocket and if the entire market wants to reverse to the down side this would be the place. For now the trend is intact and always best to trade the trend until it ends.
Current trading plan is to hold long until there is a clear brake of structure on the higher time frames or these macro high targets have been reached.
This chart is a supplement to the projections made earlier this year in the linked chart below.
Trade Well...
Your Friend,
Degen
