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AVAX-USDT

🔥 AVAX Rebound From SupportAVAX has recently seen a strong decline in value after a shattering bullish run in January. After a period of correction and consolidation, AVAX is slowly but surely producing higher lows whilst bouncing off the lower support. Since a lot of crypto's are seeing bullish pressure at this moment, I suspect we'll see more coming to AVAX in the near future. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
27
🔥 AVAX Channel Break-OutAVAX has been trading in a bearish channel since it hit its all time high a week ago. Today, it confidently broke out of said channel, following Bitcoin's bullish move. At the moment, Bitcoin is experiencing a small bearish correction. AVAX, on the other hand, appears to be unaffected by said correction. This leads me to believe that this break-out will continue to produce bullish price action in the coming days. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence. Happy trading!
Long
by FieryTrading
18
🔥 AVAX Bearish Channel CorrectionAfter a massive bull-run during January and a good part of February, it seems that AVAX is cooling down. On the chart you can clearly see the emergence of a bearish channel, which I think it will follow in the short term. Bitcoin seems to reverse from the $50k resistance, leading to more uncertainty and therefore a decline in the value of alts. On the chart I’ve marked two potential areas of resistance, S1 and S2. These areas are based on recent swing lows. Do your own due diligence. Happy trading!
Short
by FieryTrading
24
🔥 AVAX Regaining Strength After Minor DipAVAX has been doing great in the last couple of weeks, seeing exponential growth on an almost daily basis. Assets like these are perfect for "buy the dip" opportunities. Luckily for us, AVAX has made a nice dip yesterday and appears to regain its lost ground. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
15
🔥 AVAX/USDT Triangle Breakout: Bullish OutlookToday, AVAX has finally broken out of the triangle in which it has residing for over two weeks. The current 4H candle is much bigger than any of the previous recent candles that we've seen on the chart, indicating a lot of volume inflow. The inflow combined with the break out of the triangle indicate that a new bullish period has started for this coin. On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence. Happy trading!
Long
by FieryTrading
12