AVAX has dipped below $18.80 and it looks like there just isn't enough strength at the moment to avoid a third dip down. My projected possible breakdown stops are...
$18.40,
$17.70,
$15.40,
$14.80,
$13.50
If AVAX can hold above 18.90 this all is invalid.
NFA...
$18.40,
$17.70,
$15.40,
$14.80,
$13.50
If AVAX can hold above 18.90 this all is invalid.
NFA...
Order cancelled
This analysis is invalid. What we likely have here is more of a "Wyckoff Reaccumlation Trading Range... or a "Jump Across the Creek" situation. At the time of writing this update, we have jumped accross the creek and have tested the "Last Point of Support" or LPS...and are now entering a Sign of Strength or SOS at $19.50+.
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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.