AVAX Strong Bullish Momentum / Expecting Trend Resumption / H4
After breaking the bearish trendline ( December 15, 2021 ),
Avalanche has moved within the bullish channel.
The general momentum is now bullish and 80% of trend reversal attempts fail.
Now price is near previous high so it's too risky to buy.
As long as we are in bullish channel, $138-$142 targets are valid for bulls.
Breaking the channel line and entering bears then we may have lower prices.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Avalanche has moved within the bullish channel.
The general momentum is now bullish and 80% of trend reversal attempts fail.
Now price is near previous high so it's too risky to buy.
As long as we are in bullish channel, $138-$142 targets are valid for bulls.
Breaking the channel line and entering bears then we may have lower prices.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Comment:
Bear Breakout of Channel, lower prices likely.
Comment:
$103 first target for bears - Beginning of buy climax.