AVAX is currently seeing a strong rebound from the lower trend line of the pennant. With the markets currently in turmoil, there's a decent chance for AVAX (and crypto in general) to see a stronger bearish move in the near future.
Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling shortly. This will depend on the overall market.
Main bearish targets are $47.5 and $40. Ideally, wait for the pennant to break on the lower side.
Happy trading!
Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling shortly. This will depend on the overall market.
Main bearish targets are $47.5 and $40. Ideally, wait for the pennant to break on the lower side.
Happy trading!
Note
Typo: Pennant should be Wedge
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.