I think it is worth accumulating AVAX here, it is a very good underrated cryptocurrency, in my opinion very big in #DEFI
If it falls, I will not think about buying it below, but I will do it immediately
AVAXUSDT has been in an upternd recently and has got a few rejections from the Support line. We also have a series of Green candles which show the power of the Bulls .I think It's on going to continue up to the upper band of the channel around 24.32.
SL @ 11.6 (42% Loss)
TP1 @ 24.32 (19% Profit)
TP2 @ 32.55 (60% Profit)
TP3 @ 53.87 (165% Profit)
TICKER CODE: AVAXUSDT
Company Name: AVA Labs
Industry: CryptoCurrency - Blockchain
Position Proposed: BUY
1. Large Falling Wedge (Completed and Retraced)
2. Fibonacci Retracement to reach 0.786 ( Silver Zone)
3. Area of Confluence with 1 Trendline, Horizontal Support and EMA 200
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) at...
AVAX has formed a bullish pattern and seems the end of correction is here!
the pattern is a nice Flag with high gain.
your stop-loss could be below 32 with high target. we will update our chart.
Drop like and write your comment below.
-Month is green
-Day is green
Hitting a triangle with the pitchfork and trendline... And it has been consolidating for some time, I believe it's primed for some action.
Thanks for your time!
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There is a possible Adam-Eve formation forming in 4 hour candle period. The reason I believe this formation may work is
1- The breakout volume is huge
2- It has been accumilating at that area for almost two months.
3- The right side of triange has an increasing volume, which shows that the buyers are so insistent on the idea of that AVAX will go...
$AVAX, Avalanche is a very good project but they had some difficulties such as the Turkish Central Bank news pump and technical problem dump.
The market should forget these dumps, we have seen that on XVG even if they have hacked...
In long term, I still have a position, we see a potential breakout soon, our first target should be ATH.
Pros: Projects like...