Clear descending triangle can be seen in the graph, mouth of the triangle will be the first target if the upward breakout would occur. Just posted in order to follow up the analysis. (educational purpose not an investment recommendation). Rsi is also looking down right now, if it breaks out below 30 it will be the point that I would go all in.
This is what I see on this chart let's see what happens next
AVAX has been doing great in the last couple of weeks, seeing exponential growth on an almost daily basis. Assets like these are perfect for "buy the dip" opportunities. Luckily for us, AVAX has made a nice dip yesterday and appears to regain its lost ground. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent...
Hi All, Another breakout setup that makes sense. cheers, S.SAri
first time see this chart :) nice movement have a potential go higher price, but need a bit cool down and move back aging as soon hold $47 support and 0.786 fib ,can continue movement to $60 and higher price
AVAX is a great mid-term alt coin to be hold and invest in but for short term investors or scalpers there would be a change of trend and now for the current time the bias is bearish BUT the whole thing is in a bullish performance
AVAX FIB RETRACEMENT & OBO Formation
This is my personal opinion and observation. it is not financial advice.
AVAX just break the base, would continue higher ,resume its long term rally
Today, AVAX has finally broken out of the triangle in which it has residing for over two weeks. The current 4H candle is much bigger than any of the previous recent candles that we've seen on the chart, indicating a lot of volume inflow. The inflow combined with the break out of the triangle indicate that a new bullish period has started for this coin. On the...
The Avalanche project has shown to be very impressive and according to the chart it looks like we are just loading up the spring so strap in! BINANCE:AVAXUSDT
Avax cryptocurrency price in bull flag breakout above 12.5$ Avax is very strong project also good liquidity on the project, eyes on breakout of the bull flag Bull flag : Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock...
The market is definitely at a point where profits are being taken from altcoins that had significant runs. This is a time to look to buy back in on some good looking fib levels. Ethereum is currently performing very well, and Bitcoin is very likely to follow suit. This will further drive down the prices of such altcoins vs. BTC. We are still within a bull market,...