AvalanchePanjang
AVAX looks ready for another up leg
AVAX hit our target of $53.61 on Tuesday, and the price is once again attempting to form a head and shoulders pattern, suggesting a potential move lower. However, given the overall bullish market conditions, it’s too early to turn bearish or short.
With that in mind, as long as the price stays above $47.61, which is Tuesday’s low, the upward trend is expected to continue. I anticipate the price to reach the recent highs around $55 per coin, followed by a potential move to $60 per coin.
What’s your take on the AVAX? Share your ideas below!
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
With that in mind, as long as the price stays above $47.61, which is Tuesday’s low, the upward trend is expected to continue. I anticipate the price to reach the recent highs around $55 per coin, followed by a potential move to $60 per coin.
What’s your take on the AVAX? Share your ideas below!
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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