The smaller one is actually an inverse h&s target the higher one is a potential bullflag breakout target. *not financial advice*
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Avalanche has formed a nice little cup n handle patter with the recent pullback it had to add bullish confluence to the bullflag its already broken above.
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1st target hit!
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Avax just got within half a pip of the second target and has now formed a bt of a wick. It wouldn’t surprise me if it finds a way to hit the full target on the current candle.
Any idea as to what price action is doing? Avax is underperforing the market (btc, eth, sol, celo. ada)
DrDovetail
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@Thnacks, looks like it will try to hit its 1st target in the near future, no guarantee it will of course, but I would assume it will. Also expect it to hit the 2nd target eventually…some times these things take time. My personal strategy is to be diversified enough so that I don’t have any concerns about what schedule any of my holdings pumps are on nd dont feel stressed to flip one holding into the next chasing pumps. That is one of the easiest ways to take losses in the crypto market imo. *not financial advice*
Thnacks
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@DrDovetail, Thank you for your response. I looks as AVAX is breaking out. If your MD/DO congrats!
DrDovetail
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@Thnacks, excellent to hear. It appears we have now hit the first target.This can be a game of patience sometimes. Hope the market is going well for you.