Avax 20.50 is key Risk of 50% correction still
Not financial advice
20.50 is key to have on 3 day closes here or we still run the risk of another 50% downside from here.
Falling wedge pattern.
So you have a few options.
Buy on breakout of falling wedge and cluster around 24-27 range.
2. Buy now and play long game 1 yr plus to see once we recover to retest these local highs.
Option 3
Wait and watch and buy the breakout at higher prices.
I've highlighted 10-14 as target zone if we lose 20.50 range on 3 day closes.
No support under 20 in all reality
20.50 is key to have on 3 day closes here or we still run the risk of another 50% downside from here.
Falling wedge pattern.
So you have a few options.
Buy on breakout of falling wedge and cluster around 24-27 range.
2. Buy now and play long game 1 yr plus to see once we recover to retest these local highs.
Option 3
Wait and watch and buy the breakout at higher prices.
I've highlighted 10-14 as target zone if we lose 20.50 range on 3 day closes.
No support under 20 in all reality
If you like this, please come join our free Telegram group for exclusive trade ideas:
t.me/+qPr4Mjji9ko1MjU0
Visit our website to work with us: patienceiskey.biz/
t.me/+qPr4Mjji9ko1MjU0
Visit our website to work with us: patienceiskey.biz/
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.