AVAX landed just north of our final take profit target of $30 from my last analysis, a perfect drop and profit after three pushes up in a bull trend. Avalanche has been sideways since, are we ready to go back up?
How do we trade this? 🤔
We had three pushes up in a bull trend; the third push made contact with a major 2021 resistance area, followed by two strong...
Avalanche is holding the support zone of $52-$54.
A move towards $60 and a bullish break-out with another daily candle closure above $60, the key daily resistance, will push AVAX price higher towards $64-$67 and higher to $72 .
A bearish dip to below $52 will result in a decline to re-test $47-$49, the key daily support.
Below $47 is the daily range zone where...
AVAX ran three pushes up in a bull channel just shy of the 2022 Resistance area topping out at $50. That was followed by a pullback and a strong bull signal. Is it time to long?
How do we trade this? 🤔
A long entry is close to being justified! Here's what we have in favor of the long bias; Three pushes up in a bull channel ending at $50 (psychological number...
February has been very positive for the AVAX price so far. In the next step, the altcoin should establish the high of the magenta wave near the resistance at $56.43. Thus, the latest bearish pressure should be conquered soon in favor of new upward momentum. As part of our primary scenario, the upcoming wave high should initially be followed by a sell-off until...
AVAX pulled back 37% from its recent high just at $49.85, a strong pullback that brought pause to the bulls until now. Is this the time to enter a long trade?
How do we trade this? 🤔
The answer is almost! We have several market indicators that point to a 1:2 Risk/Reward trade near this price area. We have three pushes down in our pullback from $49.85, 3 failed...
