AVAX crypto (Avalanche) is putting in a bullish inverse head and shoulders pattern, which if confirmed could take it to the $170 area. It can always invalidate and reject from the neckline, so nothing is 'confirmed' yet, but its looking promising so far.From a fundament standpoint, I've seen metrics that show a very strong and growing userbase, ecosystem, as well as a rising DeFi TVL (total value locked) into the ecosystem. AVAX has the 4th highest TVL as reported by "Defi llama"
As of this post, Avax has 10.92B TVL vs Solana 8.08B TVL, yet Solana's marketcap is 10Billion higher. All of these suggest avax has alot more upside ahead to me.
Trade closed: stop reached
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.