AVAX is Heading to $11 or Come Back to $6?
Updated
My main argument here is basically as long as trend line 1 holds Avax will want to go 11 dollars.
However, a bearish reversal is calling on the other hand. So I created a few more trend lines to follow.
I started to sell the AVAX that I bought from $3.2 to $5.5 above 9.
The red one will be the critical trend line that keeps bullish motivation.
The red box will hopefully hold the price in case of a retracement. In this case, I will follow 8.31 and 7.29 as support lines.
These are the levels I may buy again.
And finally, 6.12 to decide if the party goes on or not.
However, a bearish reversal is calling on the other hand. So I created a few more trend lines to follow.
I started to sell the AVAX that I bought from $3.2 to $5.5 above 9.
The red one will be the critical trend line that keeps bullish motivation.
The red box will hopefully hold the price in case of a retracement. In this case, I will follow 8.31 and 7.29 as support lines.
These are the levels I may buy again.
And finally, 6.12 to decide if the party goes on or not.
Note
In general, I really believe the project and has good potential. I am also considering some part of my portfolio as value investing.
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