This is an update to a previous trade I had posted. We can now see a falling wedge being formed as consolidation from the previous leg up. I would get in while we are at the support level and long it to the targets shown in my chart.
simple trade based on price action and market structure.
Simple short based on market structure on the smaller timeframes
Simple market structure trade which will give an easy 3:1 win/loss ratio. The bullish momentum is backed up on the bigger timeframe in my previous post.
We can see that AXS/USDT has broken out of a falling wedge and has created an inverse head and shoulders at the bottom to indicate a reversal. We can see that after the inverse head and shoulders, there was one powerful move up which is currently retracing. It will retrace to the support I have drawn and then make another big upwards move to the targets...
Simple inverse head and shoulders movement. Get in on the retracement and get an easy winning trade.
Simple fib trade on the daily timeframe. The recent pull back has had a double bottom which is an indication of a possible reversal. This reversal is confirmed by the exaggerated divergence on the double bottom. Now we have the green light to go upwards to 56.71$ as indicated by the fib level. Potential 100%+ trade here.
Simple channel on the weekly timeframe. There is a inverse head and shoulder pattern indicating a reversal to go up. Fib lines show a potential target of 10$ which corelates with the top of the channel. This will an easy 200%+ trade which shouldn't last more than 2-3 months.
The bar pattern from SOL is lining up with AVAX at the moment on the daily timeframe. If AVAX follows SOL, then we can see 200$ getting hit within the next month. I'm not sure about if it will break the channel and go up, we will have to wait and see for that.