I've been interested in AVAX for a while now along with some other newer cryptocurrencies and I think there is potential for 14% gains short term and a very nice 44% trade around OCTOBER (dont forget, IF THE IDEA IS STILL VALID)
This is one worth watching and researching more.
Theres a POTENTIAL Elliot Impulse Wave scenario playing out here IF THE PATTERN REMAINS VALID... I'll update this with some confirmation numbers and numbers to look out for soon.
Targets would match up with fibonacci retracement levels on DAILY and higher time frames.
Also, WEEKLY RSI (I think shows more in this situation) shows potential for big gains if the upward momentum can continue.
This is one worth watching and researching more.
Theres a POTENTIAL Elliot Impulse Wave scenario playing out here IF THE PATTERN REMAINS VALID... I'll update this with some confirmation numbers and numbers to look out for soon.
Targets would match up with fibonacci retracement levels on DAILY and higher time frames.
Also, WEEKLY RSI (I think shows more in this situation) shows potential for big gains if the upward momentum can continue.
Uwaga
We DID get just about a 14% gain there guys AVAX STILL LOOKS VERY BULLISH!One thing to keep an eye on here is BTC. As long as BTC support holds above 45-46k (just an estimate) AVAX looks good to consolidate sideways as we prepare for the MUCH BIGGER, BETTER , potential targets ahead!
Uwaga
I MAY HAVE TTHIS IDEA STRECHED TOO FAR... IF BTC BREAKS OUT HERE WITHIN 3-5 DAYS, THE 40%+ GAINS WILL COME MUCH SOONER AND AFTER A CORRECTION WE CAN PROBABLY REACH HIGHER TARGETS HERE. I THINK THIS IS A GOOD INVESTMENT NOW, SIMILAR TO WHEN SOLANA WAS $30Uwaga
The INVERTED HAMMER daily candle suggests AVAX will likely pull back and look for support at the $60.00 area unless it can HOLD THE $67.5 support (not too confident about that support holding although I haven't zoomed in to the lower timeframes yet) Possibly a good entry/re-entry point especially if you can CATCH A WICK that dips lower. I'd say there is excellent Risk/Reward ratio there. Don't forget to put stop loss in case support breaks, BUT LEAVE ROOM FOR A SMALL WICK to happen... BECAUSE IT HAPPENS... A LOT!
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