TradingView
FieryTrading
Nov 15, 2021 7:28 PM

πŸ”₯ AVAX All Targets Hit: Bullish ChannelΒ Long

AVAX / TetherUSBinance

Description

β‹…
Around a week ago I made an analysis on AVAX. In that analysis I targeted $90 and $100 as a result of a pennant break out pattern. As of today, $100 has been hit, Congratulations if you took the trade.

Since AVAX's is currently vastly outperforming a good majority of other crypto's, I don't see the trend ending anytime soon. However, I'm expecting the top trend line of the channel on the chart to offer strong resistance. Most noteworthy support at $80.

So for now, I'm putting my bet on AVAX continuing this channel pattern in the near future. At the earliest this token will go bearish after hitting the channel top. Assuming BTC stays relatively stable.

Happy trading!
Comments
MMBTtrader
β‹…
we can expect some local fall too
AtlasTrades
β‹…
Nice chart mateπŸ”₯
YMGroup
β‹…
awesome plan mate
Helical_Trades
β‹…
Thank you for your analysis !
InkyGrip
β‹…
nice technical setup! 🧨🦐
CobraVanguard
β‹…
I like you're idea
Mahtab_Tradia
β‹…
Good job mate! Thanks for sharing
UnitedSignals
β‹…
I guess we have a similar view on that. Well done!
VasilyTrader
β‹…
I have similar expectations here bro!
More