If we take a look on the weekly chart, we see that AVAX has been trading in what is called an ascending channel since mid January. The current weekly candle could be Doji, indicating a reversal starting as soon as next week.
Now I would like to get a bullish confirmation on lower time frames. Let's take a look.
Now I would like to get a bullish confirmation on lower time frames. Let's take a look.
Note
If we can follow the yellow pattern, I would like to see AVAX close above $81.31 first, and then I'll enter into a position once we have a correction from that impulse. Feel free to comment and ask questions. I'll be happy to help.
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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.