A few weeks ago I made an analysis on AVAX and the double-bottom reversal I spotted on the weekly chart.
This analysis is a more shorter-term focused view, but bullish nevertheless.
I'm looking at the bottom support line, which seems to hold and cause a reversal. For the best risk-reward, I'm targeting the April highs, around 21.40$. Stop below the support.
For a less risky trade, consider taking (partial) profits around 15$ and/or 18$.
This analysis is a more shorter-term focused view, but bullish nevertheless.
I'm looking at the bottom support line, which seems to hold and cause a reversal. For the best risk-reward, I'm targeting the April highs, around 21.40$. Stop below the support.
For a less risky trade, consider taking (partial) profits around 15$ and/or 18$.
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Related publications
Disclaimer
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.