AVAX turns bullish in ahead of summit
Dear fellow underdogs,
Technicals:
Avalanche Labs (AVAXUSDT) on the weekly chart has recently formed a bullish pattern and has broken out of the fallen wedge, currently trading at 17.000.
Steve's Power Trend indicator turned bullish while Steve's Bear Market Indicator is at the bottom and moving back into the green bands and turning up. Overall bullish! Major resistance points and targets are at 31.000 and at 95.000. Buy on red days (ladder in tranches) and accumulate.
Fundamentals:
Avalanche Summit event will occur between the 3rd and 5th May. Chances are that some big announcements will be made that could cause AVAX to pump. As some of you may have seen, Circle recently launched a cross-chain transfer protocol for USDC, making it easy to transfer the stablecoin between Ethereum and Avalanche. This is absolute bullish as it will increase total value locked (TVL) on Avalanche driving further adoption.
Dominate the markets and stay level head. Buy low and sell high.
Ned aka Sky Lion
Technicals:
Avalanche Labs (AVAXUSDT) on the weekly chart has recently formed a bullish pattern and has broken out of the fallen wedge, currently trading at 17.000.
Steve's Power Trend indicator turned bullish while Steve's Bear Market Indicator is at the bottom and moving back into the green bands and turning up. Overall bullish! Major resistance points and targets are at 31.000 and at 95.000. Buy on red days (ladder in tranches) and accumulate.
Fundamentals:
Avalanche Summit event will occur between the 3rd and 5th May. Chances are that some big announcements will be made that could cause AVAX to pump. As some of you may have seen, Circle recently launched a cross-chain transfer protocol for USDC, making it easy to transfer the stablecoin between Ethereum and Avalanche. This is absolute bullish as it will increase total value locked (TVL) on Avalanche driving further adoption.
Dominate the markets and stay level head. Buy low and sell high.
Ned aka Sky Lion
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