AVAX is near its trend line. Additionally, we see a squeeze, which is a good signal for a breakout and continuation of the rise. Good buying opportunity will be after a breakdown or retest of the trend line as support.
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Potential bearish divergence in the 15min tf. Currently, DNA tells us that the support will be on either EMA 50 on 15 min (as the price bounce thrice) and EMA 20 on the hourly. MACD still don't have a bearish cross indicating the price can still go up before the moving averages will act as support.
upon completing the previus 3 drives pattern and the ABC plot. A bearish divergence was form as u can see in the pic from the previous high around 62 level. It made a reversal after showing weak sign. A forming cypher pattern can be shown as it reverse downside. The completion of the cypher pattern is at the 78% XC and could possibly reverse upward to complete the...
As AVAX is getting to the 0.382 Fibonacci level I am starting to build up a long position.
30 AVAX bought at 56 USDT, set similar buy orders at 49.5 USDT/ 42 USDT and 31.85 USDT
The plan is to sell half of the position at 64.5 USDT and the rest at 77 USDT