AVAX is in a symmetrical triangle at the moment and a possible breakout is coming up in the next 3 days. Although it has been following BTC's price , it has stayed in its pattern.
Aggressive Bulls could try and jump in between 33-34$ with a tight stop loss at 32$
People waiting for confirmation of a breakout could think of hoping in towards 39$ with a stop loss of 32.75
There is resistance at the 41$ range , but with a breakout it should be easy to go through , the first target would be 44.5$ with an end goal of 51$. Remember to raise stop loss towards new support levels as this progresses.
Although it is a SYMMETRICAL Triangle which means that it could go either sides , I believe that with the help of BTC's influence on the price , it will not be going lower and rather push higher. (Remember to use stop loss in case !)
AVAX has many events coming up at the end of June (coinmarketcal.com) which also makes me believe that the price will rise.
If you aren't sure of this trade , best keep out and remember : Missed money is better than lost money ! We aren't here to gamble.
Aggressive Bulls could try and jump in between 33-34$ with a tight stop loss at 32$
People waiting for confirmation of a breakout could think of hoping in towards 39$ with a stop loss of 32.75
There is resistance at the 41$ range , but with a breakout it should be easy to go through , the first target would be 44.5$ with an end goal of 51$. Remember to raise stop loss towards new support levels as this progresses.
Although it is a SYMMETRICAL Triangle which means that it could go either sides , I believe that with the help of BTC's influence on the price , it will not be going lower and rather push higher. (Remember to use stop loss in case !)
AVAX has many events coming up at the end of June (coinmarketcal.com) which also makes me believe that the price will rise.
If you aren't sure of this trade , best keep out and remember : Missed money is better than lost money ! We aren't here to gamble.