Avalanche
Long

AVAXUSD Targets achieved. What's next?

846
Avalanche (AVAXUSD) hit today our final (2nd) target of 15.5000 as we proposed on the bullish break-out signal we gave (see chart below) on October 04:

AVAXUSD Ready for a bullish break-out


The question is, does this rally still have fuel in it or it will correct now? A reliable indicator in this case is the 1D MACD which, while the crypto has been inside the Channel Down pattern, it peaked both times just below 2.0000. This peak was confirmed only after a Bearish Cross. As a result, this rally still has room to go higher and the strongest Target (1) is the top of the top of the (dashed) final Channel Down that remains valid at 21.500. A break above Resistance 1 (22.9000) could also deliver a test of the 1W MA100 (yellow trend-line) at 26.000, but it is very doubtful to see a greater extension without a meaningful pull-back first.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇

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.