AVAXUSD.P trade ideas
$AVAX$AVAX is looking promising! If we use the past as our reference we see $AVAX started off breaking out of what could have been a cup and handle, then a consolidation period right back into another cup and handle and we are at the breakout point now. If the market changes direction the project will easily double from here and continue in my belief to about $300+/-.
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AVAX Bull Flag on 4H?First time spotting a Bull Flag.
AVAX stayed within the Parallel Channel for almost 4 days, if it doesn't break it's Long term Support (around $62) I expect price to retrace to $73.
MACD is flattening on a 4H chart, so keep an eye out for a Cross Up.
Resistance levels are marked R1-4.
FTX:AVAXPERP BINANCE:AVAXUSDTPERP
$100 AVAX? AVAX HAS JUICE FOR 1 MORE PUSHA quick analysis of AVAX. I do think $100 AREA is reachable here!(could be just under. Don't put your targets too high)
What do you guys think?
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Is AVAX the next big thing?Could Avalanche AVAX be the next big thing in the Space? Rumors of big players getting in.
Let's try to look at the chart: it seems to be moving very well in the ascending channel. I see an Head and Shoulders there. Looks like it can easily pump 10x. Be careful on this trade, don't FOMO, wait for the break out of the neckline.
This is not a financial advice. Thanks for watching
$AVAX looking for correction?Overall I'm super bullish on Avalanche, but to properly retest S/R level it needs TIME. Huge outside weekly candle is just a volatility, not a proper retest. Once stops are taken, we will absolutely rip.
Invalidation: Close above current ATH and continuation of parabola.