Around a week ago I made an analysis on AVAX. In this analysis I argued that AVAX broke out of the bearish wedge and was likely going down some more. I indicated the reversal area as a potential area of strong support.
As it appears now, AVAX has found support inside the reversal area. Two green days in a row have been printed thus far. If we can get a daily close above $60 in the coming days, I'm expecting the continuation of the bullish move from August.
First major target is at $75.
Happy trading!
As it appears now, AVAX has found support inside the reversal area. Two green days in a row have been printed thus far. If we can get a daily close above $60 in the coming days, I'm expecting the continuation of the bullish move from August.
First major target is at $75.
Happy trading!
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