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P_S_trade
May 17, 2022 2:42 PM

When AVAX cryptocurrency do it x2 growth ? 

AVAX / TetherUS PERPETUAL CONTRACTBinance

Description

Today, on the global chart AVAXusdt, consider how this trading pair endured another sharp fall in May.
To begin with, let's take a look at our previous global idea for a pair of AVAXusd, which we did exactly 3 months ago.


At that time, we made an approximation with longs buy zones
As it turned out 3 months later, our most pessimistic $40-45 purchase zone at the top of the red liquidity zone was not the bottom of the decline.

Fall lows are recorded at around $23, at the bottom of liquidity zone, in which a year ago for a long time decided who is stronger: buyers or sellers.

Keeping buyers in the coming days of the AVAX price above the mark of $30 will be a good signal to go to the long.
The purpose of fixing longs in the up liquidity zone is $64-81

If the price of the Avalanche token is fixed below $26, it will most likely coincide with continue the global decline in the cryptocurrency market. In this situation, it is necessary to place "buckets" for the purchase of AVAXUSDT near 14 dollars.

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Trade closed: target reached

Comments
YMGroup
I am totally agree with your avax idea, situation 50/50 now
P_S_trade
@YMGroup, yes, like at all crypto market
mastershark
🦈🦈🦈
jojofang0901
than kyou
P_S_trade
@jojofang0901, you are welcome
Solldy
I agree, this asset may well show similar dynamics in the current market.
P_S_trade
@Solldy, thanks for support!
RLinda
I like it. Good explanation. Thanks for sharing)
P_S_trade
@RLinda, thanks and good luck!
UnknownUnicorn15614419
Nice trade pattern
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