JOE/WAVAX looking extremely bullish.
5 wave structure completed, I think we'll see this one reach previous highs and eventually further.
This is looking like an easy way to 2-3x+ your AVAX bags. Can also stake $JOE while holding for further passive income gains.
We appear to have broken out of this triangle (falling wedge) as well. It looks like we have...
After hitting the first target, bounce, second target, bounce, JOE is up against the macro downtrend on decreasing volume. RSI divergence supports upward movement is running out of steam. I expect for JOE to have downward pressure and revisit the lower buy range for a retest before deciding its next long term direction.
Trader Joe is also printing a bullish wolfe wave pattern, volume is going down with bullish divergence in the MACD indicator, while RSI is at support. This chart is against AVAX, which means if AVAX goes up, JOE will go up even higher against USD.
let us see if it completes.
Bitcoin distribution will push JOE down and below its established trading range. Looking for a possible bounce near $1.20, then continue down to the $0.50 range. If it breaks below that it's into price discovery as the coin is relatively new and hasn't tested bear market lows. If we go into price discovery wait for a bottom and start accumulating, because JOE is...
