AVAXUSDT.P ABCD + POI (Long) 5/31/2023
Here is a potential long trade. An ABCD Pattern has formed with a slight inaccuracy of a 0.213 measurement for the D leg, this may be caused by BTC pushing the price down to fill its own imbalance. The bearish volume is also getting weaker and the price is playing around the 30 RSI for the 30m TF. We wait for a retest on the support POI for confirmation. Take profit is based on another POI.
Note: NFA, TAYOR.
Note: NFA, TAYOR.
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