Avalanche is currently in a consolidation phase and is forming an important formation with higher lows. When AVAX can realize a strong enough bounce with it's support line within the ascending traingle formation and AVAX manages to move above the upper-boundary we can complete a bullsh triangle break-out. A combination of good volume and right price action is needed to confirm this.
Based on the chart in combination with high value partnerships that have been made past weeks (e.g. SushiSwap, Cartesi, TrustSwap,...) , i guess AVAX will continue to grow.
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
@M00N_BEAMS, great work, as time proceeds, the TA seems to hold. One of the better TA's of Avax at the moment
zimislam55
⋅
can i enter now..? it breaks the trend line
M00N_BEAMS
⋅
@zimislam55, I am not convided yet. Wait for the closure to have a better view. Please be aware I only provide my idea's and toughts on the current situation. A specific entry, SL and TP should be done by your own evaluation
Spaceman_Tommy
⋅
@zimislam55, you can enter now as it seems that the technical analysis of beams is correct. This is no financial advice, just my opinion