Hello everyone. I've been an AVAX fan for a while now and if you're like me, you're waiting for the next BREAKOUT!
Given BTC's current position looking very likely for a SHARP DROP, I think AVAX and the rest of the market will likely follow. The question is CAN AVAX BOUNCE off the ema ribbon and IF SO, HOW HIGH?
Either way I think AVAX will be met with resistance which could result in a better LONG ENTRY/BUYING OPPORTUNITY at around the $58-$60 area.
I Personally think there's a 50/50 chance we can go a little higher before the bigger pullback to the "buying area" ($58-$60)
It is a little bit speculation but I DO feel like it has an alright chance of heading to that area for a bounce at some point!
What would INVALIDATE THIS is if AVAX pumps above the red "potential neckline" drawn on the chart and HOLDS ABOVE or SLOWLY curves back upwards above it.
***This is just my IDEA and OPINION based off of my experience doing Technical Analysis and Trading. Always do your own research before investing or trading***
Link to UPCOMING BTC SHARP DROP BELOW.
Feel free to LIKE, COMMENT, FOLLOW, and SHARE. I appreciate all of it.
Given BTC's current position looking very likely for a SHARP DROP, I think AVAX and the rest of the market will likely follow. The question is CAN AVAX BOUNCE off the ema ribbon and IF SO, HOW HIGH?
Either way I think AVAX will be met with resistance which could result in a better LONG ENTRY/BUYING OPPORTUNITY at around the $58-$60 area.
I Personally think there's a 50/50 chance we can go a little higher before the bigger pullback to the "buying area" ($58-$60)
It is a little bit speculation but I DO feel like it has an alright chance of heading to that area for a bounce at some point!
What would INVALIDATE THIS is if AVAX pumps above the red "potential neckline" drawn on the chart and HOLDS ABOVE or SLOWLY curves back upwards above it.
***This is just my IDEA and OPINION based off of my experience doing Technical Analysis and Trading. Always do your own research before investing or trading***
Link to UPCOMING BTC SHARP DROP BELOW.
Feel free to LIKE, COMMENT, FOLLOW, and SHARE. I appreciate all of it.
Comment:
We're in the "BEST ENTRY POINT" as shown on the charts. HOWEVER BASED OFF OF BTC CHART we COULD see a wick lower... CAUTION WITH LEVERAGE!
Comment:
THIS IDEA IS PLAYING OUT GREAT! I really like AVAX. Next target is just over $90$
