AVAXUSD is giving a bullish breakout signal today as it crossed over the MA50 (1d) for the first time since April 30th.
Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 19.1500 (Fibonacci 0.786).
2. 21.5000 (Resistance 3).
Tips:
1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone.
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Even though there are two Resistance levels present above, the similarities with November-December 2022 imply that an aggressive rally past those is likely.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 19.1500 (Fibonacci 0.786).
2. 21.5000 (Resistance 3).
Tips:
1. The RSI (1d) was oversold almost 1 month ago and has rebounding since. Avalanche typically peaks way above its overbought zone.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.