Spotting a Bullish Opportunity: AVAX/USDT Cup and Handle Pattern
I recently identified a classic Cup and Handle pattern in the AVAX/USDT trading pair, which is now breaking out and currently undergoing a test of the breakout level. This pattern suggests a potential price target around $34.
The chart shows the cup formation, followed by a brief consolidation (the handle), and now we are witnessing the breakout. The price is testing the breakout level, which is a critical phase before the expected upward move.
Stay tuned and watch for this potential price relief rally in AVAX/USDT!
The chart shows the cup formation, followed by a brief consolidation (the handle), and now we are witnessing the breakout. The price is testing the breakout level, which is a critical phase before the expected upward move.
Stay tuned and watch for this potential price relief rally in AVAX/USDT!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.