ðĨ AVAX Bearish Wedge Break Out: Reversal Soon?
Around two weeks ago I made an analysis on AVAX. In this analysis I argued that we were trading in a bearish wedge and that a bearish move was in the cards.
In the end, we broke out on the downside, and are currently seeing some bearish pressure. With BTC going parabolic, I don't think we're done yet. My main reversal area is the area between $55 and $47.5, based at recent points of inflection.
Main target for the incoming reversal is placed at $75.
Happy trading!
In the end, we broke out on the downside, and are currently seeing some bearish pressure. With BTC going parabolic, I don't think we're done yet. My main reversal area is the area between $55 and $47.5, based at recent points of inflection.
Main target for the incoming reversal is placed at $75.
Happy trading!
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