BINANCE:AVAXUSDT is sitting in an aggressive wedge with prices being squeezed.
I've got this post as a long as the price action leans towards that direction. Price is at previous area of value and with bullish divergence. > Waiting for buying pressure.
Remember, this BINANCE:AVAXUSDT chart even though is sitting in a possible bullish wedge will be dragged around by BINANCE:BTCUSDT so you must have plan A / plan B scenarios planned for.
On a possible fake out of this level, this will provide bullish ideas in line with the falling wedge. So the Bulls really need to hold this level (zone) to avoid further downside.
Bearish ideas could have potential targets to 12.03 levels.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
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BINANCE:AVAXUSDT got drug down by CRYPTOCAP:BTC and my potential Head and Shoulders idea of CRYPTOCAP:BTC [ which can be found here: tinyurl.com/4fzast29 ] can still potentially engage. But when you start to use CRYPTOCAP:BTC as an indicator - THE GAME CHANGES!
I talked about potential targets to 12.03 ... look at the chart and smile if you took this approach.
Let me know if you find these ideas and updates useful!