AVAX has recently seen a strong decline in value after a shattering bullish run in January.
After a period of correction and consolidation, AVAX is slowly but surely producing higher lows whilst bouncing off the lower support. Since a lot of crypto's are seeing bullish pressure at this moment, I suspect we'll see more coming to AVAX in the near future.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
@moriati38, SL hit, this trade is finished. Cheers🙏
moriati38
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@FieryTrading, I have already bought some and I don't want to sell at this price, can I keep it a little longer and hope it goes up?
theugly1
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you have failed
FieryTrading
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@theugly1, Sadly, not all trades can be winners. All one should do is learn from their mistakes and try to beat the game next time, it's a game of statistics in the end.
Tapita
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I am afraid Fiery, it keep falling since your last week signal and also falling more after your yesterday prediction. Still think will go up..but so far AVAX looks like struggling .
FieryTrading
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@Tapita, AVAX has seemingly lost a lot of steam after the crazy run-up earlier. Give it a while and it might go back up.
Stargazer_fx
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great job mate
ihlechris
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Do you think your idea can still play out and it is going to break out upwards?
FieryTrading
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@ihlechris, I'm still bullish on the crypto market as a whole. Sell-offs like we say last night are good for us in the long term, since it allows the markets to cool off a little. As seen with other cryptos (SXP, CAKE come to mind), the rebound from last night can be quite sharp and a strong bullish move could follow. AVAX is not one of the 'winners' of this morning, which is expected after the ridiculous gains it made over the last two months. So yes, I think AVAX is still in a bullish state, but it might take a while for the idea to play out.