Solldy

AVAXUSD ❕ WAVES Scenario

Long
BINANCE:AVAXUSD   AVAX
Continuing the movement in the descending channel AVAX broke up 50MA at 30m Timeframe and tested the lower boundary of the channel.
The current behavior of the volumes is similar to how the volumes of trades on WAVES, which we reviewed in a recent idea.
In case the price fixes above the lower boundary of the channel, I expect a bounce to the resistance level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.