Bullish Analysis AVAXUSDT- 28.03.2022
A short term bullish analysis on AVAXUSDT
The asset has already broken out and validated the symmetrical triangle formed on the 4H chart which leads me to believe that with the continuation of BTC's pump we'll see AVAX rise and reach the triangles target. With the Stoch indicator and current bearish divergence a retraction to the green support line is very likely and totally expectable. There is a forming green cloud on the Ichimoku indicator which is an another bullish signal
TARGET; 140$
STOP LOSS/DEVALIDATION- A closed candle under 75$
The asset has already broken out and validated the symmetrical triangle formed on the 4H chart which leads me to believe that with the continuation of BTC's pump we'll see AVAX rise and reach the triangles target. With the Stoch indicator and current bearish divergence a retraction to the green support line is very likely and totally expectable. There is a forming green cloud on the Ichimoku indicator which is an another bullish signal
TARGET; 140$
STOP LOSS/DEVALIDATION- A closed candle under 75$
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