Hi Traders,
There is a possible Adam-Eve formation forming in 4 hour candle period. The reason I believe this formation may work is
1- The breakout volume is huge
2- It has been accumilating at that area for almost two months.
3- The right side of triange has an increasing volume, which shows that the buyers are so insistent on the idea of that AVAX will go up.
The target area 53-57$. It is up to you to TP 50% and wait for the previous peak which is 60$.
If there is any candle close in or below the grey rectangle, stop loss.
Finally, before taking a position, I strongly suggest you to observe BTC and the market cap of DOGE.
Glad to hear any comments, ideas and critics ^^.
There is a possible Adam-Eve formation forming in 4 hour candle period. The reason I believe this formation may work is
1- The breakout volume is huge
2- It has been accumilating at that area for almost two months.
3- The right side of triange has an increasing volume, which shows that the buyers are so insistent on the idea of that AVAX will go up.
The target area 53-57$. It is up to you to TP 50% and wait for the previous peak which is 60$.
If there is any candle close in or below the grey rectangle, stop loss.
Finally, before taking a position, I strongly suggest you to observe BTC and the market cap of DOGE.
Glad to hear any comments, ideas and critics ^^.
Nota
Although it came into the stop loss area, I didn't. because of the dump in BTC, It has been affected a little bit. However, in my opinion, the targets are still valid.
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.
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.