Fellow TradingViewers, Vegans & AVAXists.
Just like the most coins, AVAX is also on the verge of a massive breakout.
Targets inbetween 80 and 120.
We made a fakeout yesterday, still some space to make a retrace to 26 regions but highly unlikely.
It is just a matter of time to break, retest and PUMP.
Trust Mr. SIRER!
Yesterday bulls tried to rally but got rejected at Fibonacci 50% level of previous day's session.
In addition, yesterday's Close was around Fibonacci 50% level which is not promising for bulls.
Level to watch 3234 --- 3236
ES at the 4 hour view. Resistance above held for now. ES is stuck since tech is bleeding, but financials and transportation sectors are rallying. That's actually a bullish move.
ES may pullback since P/C Ratio is at below 0.65. VIX is also about to reach a support zone soon as well.
That said, with liquidity rising and key sectors rising, ES may be setting up...
Sounding like a broken record but we continue to accept value higher. That means I will continue to be long and continue to follow the value.
2992 is the line in the sand below where I think we pull back into the next distribution below, as shown on the video.
I have been over all bearish on the US economy for a while. This chart, I believe perfectly sums up how things will unfold. We are going to see some resistance near the 1800 mark, then I think we break below it.
We shall see.