Traders, USDCAD has been consolidating for weeks but now it has started to show a sign which can push it higher. This can be multi week position sort of opportunity which is just about to start. See the chart for notes and levels. Take one steps at a time.
Trade what you see and ignore any hypes. Stay objective.
Rules:
1. Never trade too much
2. Never trade...
Probably, you are following Avalanche these days. today I decided to share my analysis about it, and How far can it grow?
Avalanche Analyze ( A VAXUSDT ) Timeframe Daily ⏰ (Log Scale)
Location 🌊: from my view, Avalanche passed its Main wave 1 and Main Wave 2 , and at this time it is moving on microwave 5 of microwave 1 of Main wave 3 .
Where is...
Whenever we have multi lows/tops breaking is stronger than usual, as we have right now. The price has break Fibo and MA200 level and strongly continue to rise. RSI at lower time frames is overbought, which can be some short opportunity to squeeze a bit. As I see Fibonacci 61.8 will remain resistance level ( daily fibo) and Fibo 62.8 ( weekly) will remain support...
