Hello Traders 🐺
In this idea, I want to talk about one of the top altcoin projects in the crypto space—AVAX. If you’ve been around, you probably know the name... but here’s why I’m bullish on it right now: 🔥👇
✅ 1. Massive Weekly Triangle Pattern
On the weekly timeframe, AVAX is already inside a huge triangle formation, which—if it breaks out—could push the price to at least its previous ATH (~$165). If you enter now, that’s potentially a 750% profit! 🚀💰
I’ll go deeper into this long-term price target in a future idea, because this move still needs to break the weekly resistance—and there are multiple resistance levels along the way. But for now, we’re focusing on the immediate short-term setup. ⚠️📈
✅ 2. Repeating Price Patterns Inside the Triangle
Inside this gigantic triangle, AVAX price tends to repeat a similar structure each time:
The first pattern was made of converging trendlines → breakout → strong pump to the triangle’s top.
The second setup was a falling wedge → breakout → same explosive move.
👉 And now guess what? We have another bullish channel, and it’s currently breaking out as we speak! ⛓📉➡️📈
So make sure to act accordingly and keep your eyes on the chart! 👀🔥
and always remember :
🐺 Discipline is rarely enjoyable , but almost always profitable 🐺
In this idea, I want to talk about one of the top altcoin projects in the crypto space—AVAX. If you’ve been around, you probably know the name... but here’s why I’m bullish on it right now: 🔥👇
✅ 1. Massive Weekly Triangle Pattern
On the weekly timeframe, AVAX is already inside a huge triangle formation, which—if it breaks out—could push the price to at least its previous ATH (~$165). If you enter now, that’s potentially a 750% profit! 🚀💰
I’ll go deeper into this long-term price target in a future idea, because this move still needs to break the weekly resistance—and there are multiple resistance levels along the way. But for now, we’re focusing on the immediate short-term setup. ⚠️📈
✅ 2. Repeating Price Patterns Inside the Triangle
Inside this gigantic triangle, AVAX price tends to repeat a similar structure each time:
The first pattern was made of converging trendlines → breakout → strong pump to the triangle’s top.
The second setup was a falling wedge → breakout → same explosive move.
👉 And now guess what? We have another bullish channel, and it’s currently breaking out as we speak! ⛓📉➡️📈
So make sure to act accordingly and keep your eyes on the chart! 👀🔥
and always remember :
🐺 Discipline is rarely enjoyable , but almost always profitable 🐺
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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.
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.