Around a week ago I made an analysis on AVAX and the oncoming bearish move. The bearish move happened and is appearing to be smaller than initially anticipated.
As mentioned in the previous analysis, the red area of support did indeed hold and AVAX has seen over a 20% growth since then.
With AVAX being one of the main gainers over the last weeks, I think there's still more juice in the current move. Main target is the resistance area between $58 and $60.3, which is also the current ATH.
Assuming BTC will remain relatively bullish, we can expect AVAX to go into price discovery mode in the coming weeks.
Happy trading!
As mentioned in the previous analysis, the red area of support did indeed hold and AVAX has seen over a 20% growth since then.
With AVAX being one of the main gainers over the last weeks, I think there's still more juice in the current move. Main target is the resistance area between $58 and $60.3, which is also the current ATH.
Assuming BTC will remain relatively bullish, we can expect AVAX to go into price discovery mode in the coming weeks.
Happy trading!
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