AVAX / EURO
Relative strenght here along with INJ
✅Nice potential ascending triangle breakout
✅Breakout in OBV
✅Volume increase, above 100Day & good R:R
I have been sitting on an AVAX position since the last crypto cycle and have not added to it. I might today though.....
CRYPTOCAP:AVAX CRYPTOCAP:INJ #Altseason2024
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...
AVAX is still trading inside the bullish pennant in the daily timeframe. However, due to the market condition, I guess AVAX is more likely to break downwards and it it successfully breaks down, The support Zones will be 56 , 40 , 22 USD Ranges.
