AVAX: Not ready just yet
Hello everyone,
AVAX is about to make a move, but the direction is still uncertain. Watch for a break of the descending triangle, or a break of the $51 support. In case of a break to the upside I expect a bullish crossover of the MACD launching AVAX to the $75 range first. Stop loss around $47. The target after a break of ATH is just under $100.
Be aware we can still go lower. A break of support might drop AVAX to the $32-$39 region. I do favor the upside for now, but I am waiting for the decisive move.
AVAX is about to make a move, but the direction is still uncertain. Watch for a break of the descending triangle, or a break of the $51 support. In case of a break to the upside I expect a bullish crossover of the MACD launching AVAX to the $75 range first. Stop loss around $47. The target after a break of ATH is just under $100.
Be aware we can still go lower. A break of support might drop AVAX to the $32-$39 region. I do favor the upside for now, but I am waiting for the decisive move.
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