ELM3NJI404

AVAX short term

ELM3NJI404 Updated   
BINANCE:AVAXUSDT   AVAX / TetherUS
we can see here that we are moving inside of a channel which can indicate that a close above the upper side of the channel would give more bullish sentiment and more gains subsequently, however Bitcoin can ruin the Alts party as it usually does and we can see further downside on Alts especially.

I would expect a reaction from the lower side of the channel which is at around 18.43$
If we lose that level then we can get a reaction from the area between 16.37$ and 15.36$


NOT A FINANCIAL ADVICE DYOR.
Comment:
Took some profit here at around 25.02
if Bitcoin does ruin the party expect this to go south real quick so take your profit.
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.