From the point where we placed the red arrow on the chart, AVAX appears to have entered a double correction structure, with the second part forming a triangle pattern that now seems to be completed.
The downtrend line has been broken, which signals a potential shift in momentum. Based on this breakout, we can look for long (buy) positions on pullbacks, rather than entering impulsively at higher prices.
We have two planned entry zones, and the preferred approach is to scale in using a DCA (Dollar-Cost Averaging) strategy to manage risk more effectively.
The upside targets are marked on the chart with red lines, aligned with key resistance levels and projected price objectives.
A daily candle close below the invalidation level would invalidate this analysis and suggest that the bullish scenario is no longer valid
The downtrend line has been broken, which signals a potential shift in momentum. Based on this breakout, we can look for long (buy) positions on pullbacks, rather than entering impulsively at higher prices.
We have two planned entry zones, and the preferred approach is to scale in using a DCA (Dollar-Cost Averaging) strategy to manage risk more effectively.
The upside targets are marked on the chart with red lines, aligned with key resistance levels and projected price objectives.
A daily candle close below the invalidation level would invalidate this analysis and suggest that the bullish scenario is no longer valid
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The price struggled a bit after hitting the entry points but then recovered, pumping over 16% and reaching the first target.
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✅ Join our Telegram channel to succeed in crypto trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.