AVAX Triple Bottom or Crazy Cup and Handle?

11 Apr

I think most traders will view this as an invalidated cup & handle, but you could consider the current state of affairs as a triple bottom. I think the handle dipped down too much due to the USA tarrif turmoil, but that does not mean the cup was not formed.

This idea is invalid if we dip below $14.50, in that case, AVAX could go down to the mid $8.00 range.

However, with the bullish news of VanEck and Nasdaq about to launch an AVAX ETF... my prediction is that we will see $23 very soon.

-Best Wishes
NFA

15 Apr

Dagangan aktif

A little shake-out is happening right now... and AVAX could drop to $17.70 and if that does not hold.. then $15.80... and if that doen't hold we could see the lower range of $13.00. But this shake-out is going to recover very quickly.

19 Apr

Nota

Looks like what seemed to be a bear flag is playing out as a a "Wyckoff Reaccumlation Trading Range... or a "Jump Across the Creek" situation. At the time of writing this update, we have jumped accross the creek and have tested the "Last Point of Support" or LPS...and are now entering a Sign of Strength or SOS at $19.50+.