AVAX has, like a number of other tokens, produced a new all-time-high since the Monday sell-off.
With Bitcoin very likely to have a bullish week ahead, it might be time for AVAX to shine and go in price discovery mode. Be aware that the price might come down to the previous top area, located around $57.
Main targets for the coming weeks are $75 and $90, located around the 1.272 and 1.618 Fibonacci extensions.
it did form a bullish continuation correction a swell so upside looks very promising thx
ForexTrendline
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nice one, thanks for sharing and keep up the good work!
UnitedSignals
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Thank you for the detailed review!
JayJay425
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Read this and put a buy limit at 57 just in case. That limit just triggered. Nice call man!
CobraVanguard
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Bravo
awesome chart and idea
VasilyTrader
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What is your SL recommendation and why?
JayJay425
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@VasilyTrader, i say anywhere between 49-51. If you look at the daily chart it was pretty strong resistance there for quite some time. If you wanna be a lil more safe 55 wouldn't be bad as that seems to be resistance on the lower time but higher chance you'll get hit by a spike.