AVAX 1D Three Levels to Buy Long
Updated
Today we will consider the chart of AVAXUSDT, the price of which has almost doubled in a month.
But first let's look at our previous idea, where the white route with a projected growth from $40 to $140 worked out completely
As you can see from the AVAXUSD chart, before strong growth impulses, the price likes to be in consolidation to form a bullish flag for a long time.
We also assume the same correction at this stage, which gives us three possible outcomes:
1. The price will either break through and consolidate above $100 in the next few days, or there will be a shallow correction, not below $76 - and then open way for growth with the first target of $200-210.
2. A deeper correction, but without updating this year's low, i.e., not below $60. A consolidation above this level will open the way for growth, with the first target of $200-210 as well.
3. A deep and prolonged correction to the area of $40-45, from where we had the previous growth. This is a strong mirror level and if the buyers become aggressively active there again and show their serious intentions, it will be possible to buy a large position. The target for growth is $400+ for AVAX, with a very ambitious x10 from the buying zone.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
But first let's look at our previous idea, where the white route with a projected growth from $40 to $140 worked out completely
As you can see from the AVAXUSD chart, before strong growth impulses, the price likes to be in consolidation to form a bullish flag for a long time.
We also assume the same correction at this stage, which gives us three possible outcomes:
1. The price will either break through and consolidate above $100 in the next few days, or there will be a shallow correction, not below $76 - and then open way for growth with the first target of $200-210.
2. A deeper correction, but without updating this year's low, i.e., not below $60. A consolidation above this level will open the way for growth, with the first target of $200-210 as well.
3. A deep and prolonged correction to the area of $40-45, from where we had the previous growth. This is a strong mirror level and if the buyers become aggressively active there again and show their serious intentions, it will be possible to buy a large position. The target for growth is $400+ for AVAX, with a very ambitious x10 from the buying zone.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Trade active
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.