Hi Traders,
AVAX has been consolidating for several weeks inside this triangle formation after hitting its ATH of around 80 dollars.
Could break either way depending on what Bitcoin does while it nears its own ATH. However, should BTC enter price discovery mode, which I believe it will, I think a decisive move to the upside is imminent for AVAX targeting the $90 level for the short term.
Not financial advice, DYOR & good luck!
AVAX has been consolidating for several weeks inside this triangle formation after hitting its ATH of around 80 dollars.
Could break either way depending on what Bitcoin does while it nears its own ATH. However, should BTC enter price discovery mode, which I believe it will, I think a decisive move to the upside is imminent for AVAX targeting the $90 level for the short term.
Not financial advice, DYOR & good luck!
Comment:
New BTC ATH and AVAX has busted out to the upside, lets hope for some continued momentum. Although, I expect a retracement soon as BTC has been doing nothing but going up lately. The ascending white line should continue to hold as support. This coin has tons of potential for the end of this bull run, IMO potentially $200-300.
Comment:
Right on track.
Trade closed: target reached:
GG