AVAXUSD Crossed over the MA50 (1d). Buy signal.

AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th.
Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 19.1500 (Fibonacci 0.786).
2. 21.5000 (Resistance 3).

Tips:
1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone.

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