FieryTrading

🔥 AVAX V-Shaped Bottom Reversal: Start Of New Bullish Era?

Long
BINANCE:AVAXUSDT   AVAX / TetherUS
A round two months ago I made an analysis on AVAX. In said analysis I stated that a bearish move was in the cards, with $15 as a target.


$15 did indeed hold and caused a big reversal. We might actually see a V-shaped bottom shaping up, but that will depend on BTC. I copied the Summer-21 move for illustration purposes.

For now, I'll keep our targets close. What previously was support, will now function as resistance: $25 and $32.

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