Avax broke out once it reached our structure level at 80. We are now seeing an ABC correction for another move higher.
Trade Idea: - Watch for break of descending red trendline and enter with stops below the recent lows - Risk entry would be now with stops below the 618 fibonacci - Take your positions off at each of the fib levels: 0, -0.27 and 0.618
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.