Avax 20.50 is key Risk of 50% correction still
Not financial advice
20.50 is key to have on 3 day closes here or we still run the risk of another 50% downside from here.
Falling wedge pattern.
So you have a few options.
Buy on breakout of falling wedge and cluster around 24-27 range.
2. Buy now and play long game 1 yr plus to see once we recover to retest these local highs.
Option 3
Wait and watch and buy the breakout at higher prices.
I've highlighted 10-14 as target zone if we lose 20.50 range on 3 day closes.
No support under 20 in all reality
20.50 is key to have on 3 day closes here or we still run the risk of another 50% downside from here.
Falling wedge pattern.
So you have a few options.
Buy on breakout of falling wedge and cluster around 24-27 range.
2. Buy now and play long game 1 yr plus to see once we recover to retest these local highs.
Option 3
Wait and watch and buy the breakout at higher prices.
I've highlighted 10-14 as target zone if we lose 20.50 range on 3 day closes.
No support under 20 in all reality
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