AVAX is currently seeing a strong rebound from the lower trend line of the pennant. With the markets currently in turmoil, there's a decent chance for AVAX (and crypto in general) to see a stronger bearish move in the near future.
Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling shortly. This will depend on the overall market.
Main bearish targets are $47.5 and $40. Ideally, wait for the pennant to break on the lower side.
Happy trading!
Furthermore, AVAX appears to be trading in a bearish wedge pattern. We could go for a re-test of the top trend line, or start falling shortly. This will depend on the overall market.
Main bearish targets are $47.5 and $40. Ideally, wait for the pennant to break on the lower side.
Happy trading!
Nota
Typo: Pennant should be Wedge
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
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🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.