AVAXUSDT brokedown below the trendline support. Price retested the flip trendline resistance + 0.5 fibonacci retracement level. Price action is printing a descending triangle pattern. Sell entry ⬇️ - breakdown below the descending triangle support. Target 🎯 - Support levels.
AVAX broke out the S/R zone and strong trend line
wait for the candle to close beyond the trendline to confirm the break. entry point, targets, and stop-loss are displayed on the chart.
*NEW TRADE SET-UP* AVAXUSDTPERP - Long - Potential 15.12% Optional Leverage: 3x - 5x Entry- 3.8931 TP1- 4.1075 TP2- 9341 SL- 4.4816 - RR - 1.68 - Trailing Buy - 0.5% - Trailing Profit - 1% - Trailing Stop-Loss - No
AVAXUSDT brokeout above pennant resistance as expected from my previous analysis ✅
I will follow this chart until December 7.
since the increase across board for alts, avax is yet to make its, break out but anytime soon, once it breaks the triangle 3.64