Hello Traders!
AVAX is moving in a local uptrend, pushing the $98 resistance level several times. The price is testing the MA100 on the daily timeframe.
A "Rising Triangle" pattern has been formed on the chart, an upward exit from which shows a potential rise to the resistance level of $135.50
Looking for purchases is possible near the current price values of $74 - $82
Closing the deal using stop loss is reasonable in case the price goes lower than the level of $64
The targets will be price levels of
$125,00
$135,50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
AVAX is moving in a local uptrend, pushing the $98 resistance level several times. The price is testing the MA100 on the daily timeframe.
A "Rising Triangle" pattern has been formed on the chart, an upward exit from which shows a potential rise to the resistance level of $135.50
Looking for purchases is possible near the current price values of $74 - $82
Closing the deal using stop loss is reasonable in case the price goes lower than the level of $64
The targets will be price levels of
$125,00
$135,50
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.