AVAX / EURO Relative strenght here along with INJ ✅Nice potential ascending triangle breakout ✅Breakout in OBV ✅Volume increase, above 100Day & good R:R I have been sitting on an AVAX position since the last crypto cycle and have not added to it. I might today though..... CRYPTOCAP:AVAX CRYPTOCAP:INJ #Altseason2024
Avalanche broke up this triangle📐 and I think there is chance for run to 19.43 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 17.34 STOPLOSS (SL) : local low @ 16.06 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 19.43 REWARD RISK RATIO...
AVAX is still trading inside the bullish pennant in the daily timeframe. However, due to the market condition, I guess AVAX is more likely to break downwards and it it successfully breaks down, The support Zones will be 56 , 40 , 22 USD Ranges.