Hi everyone,
Avalanche is currently in a consolidation phase and is forming an important formation with higher lows. When AVAX can realize a strong enough bounce with it's support line within the ascending traingle formation and AVAX manages to move above the upper-boundary we can complete a bullsh triangle break-out. A combination of good volume and right price action is needed to confirm this.
Based on the chart in combination with high value partnerships that have been made past weeks (e.g. SushiSwap, Cartesi, TrustSwap,...) , i guess AVAX will continue to grow.
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
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This is not financial advice
Avalanche is currently in a consolidation phase and is forming an important formation with higher lows. When AVAX can realize a strong enough bounce with it's support line within the ascending traingle formation and AVAX manages to move above the upper-boundary we can complete a bullsh triangle break-out. A combination of good volume and right price action is needed to confirm this.
Based on the chart in combination with high value partnerships that have been made past weeks (e.g. SushiSwap, Cartesi, TrustSwap,...) , i guess AVAX will continue to grow.
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
🌜 Please like and leave a comment 🌜
This is not financial advice