Scenario casting #Avalanche versus #Ethereum
as we go forward into 2024
The blast off from the lows has to be respected and is a significant show of strength
and shames other blockchains price performance these past few weeks
I'm looking at you #Algorand & #HBAR
Avalanche broke up this triangle📐 and I think there is chance for run to 19.43 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 17.34
STOPLOSS (SL) : local low @ 16.06
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 19.43
REWARD RISK RATIO...
think all markets are essentially topped, so looking for best shorts. avax looks like it's at heavy resistance here vs eth. think it's likely the better short.
should drop ~10% vs eth.
17% to the top of the range
downtrend breakout
7 rejections of that downtrend line
8th time looks good for a clean breakout and reversal of trend
see how we go
Hello everybody
According to the chart and previous analysis, we shown on chart 3 zone that is the support zone of the price and the point of swing can be happen in there zone.
In here exactly first support zone was activated exactly.
We need to have correction of our breakwave that make ATH in here we have a wave that we can say it can be A or ABC both of the is...
