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🕊 Wish y'all have a profitable lifestyle 🍀
📌 AVAX /USDT DAILY CHART
📌 PRICE ACTION - E-WAVE ANALYSIS - FIBO
📍 AVAXUSDT is looking bullish and it has managed to recover not only its downfall but also it has managed to hit and break its ATH, unlike many other coins.
✍🏼 From E-wave perspective, I am not really sure if the latest wave is the 5th wave itself (from the first wave) or is it just the 5th wave of the 3rd; both are valid !
✍🏼 It also does not matter that much; for both scenarios we have confirmations of a growth!
✍🏼 From price action point of view, the price has touched and had a pullback to the middle-line of the parallel-channel which can be a bullish sign!
⚠️ However, the price is stuck in a resistance zone, if it manages to break this zone I think that AVAXUSDT ought to see the upper targets.
Thanks for reading this TA
If you enjoyed reading this, I would appreciate it to let me know by clicking the LIKE button 👍🏼
🧐 ASK ME IF YOU GOT ANY PROBLEM AND OR QUESTION ABOUT THE CHART OR MY TA 🧐
⚠️ THIS IS NOT A FINANCIAL ADVICE, I HAVE ONLY SHARED MY THOUGHTS 🙌🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 AVAX /USDT DAILY CHART
📌 PRICE ACTION - E-WAVE ANALYSIS - FIBO
📍 AVAXUSDT is looking bullish and it has managed to recover not only its downfall but also it has managed to hit and break its ATH, unlike many other coins.
✍🏼 From E-wave perspective, I am not really sure if the latest wave is the 5th wave itself (from the first wave) or is it just the 5th wave of the 3rd; both are valid !
✍🏼 It also does not matter that much; for both scenarios we have confirmations of a growth!
✍🏼 From price action point of view, the price has touched and had a pullback to the middle-line of the parallel-channel which can be a bullish sign!
⚠️ However, the price is stuck in a resistance zone, if it manages to break this zone I think that AVAXUSDT ought to see the upper targets.
Thanks for reading this TA
If you enjoyed reading this, I would appreciate it to let me know by clicking the LIKE button 👍🏼
🧐 ASK ME IF YOU GOT ANY PROBLEM AND OR QUESTION ABOUT THE CHART OR MY TA 🧐
⚠️ THIS IS NOT A FINANCIAL ADVICE, I HAVE ONLY SHARED MY THOUGHTS 🙌🏽
Trade active:
The price has pullbacked to its ATH and the middle of the parallel channel.
If it could range in this area it would still be worthy to take a LONG position.
If it drops from here, LONGing is not a great idea!
Have a nice day
If it could range in this area it would still be worthy to take a LONG position.
If it drops from here, LONGing is not a great idea!
Have a nice day
Trade closed: stop reached
Trade active:
98.0$ price incoming
Comment:
First - Second Target reached successfully