AVAXUSDT Multiple bullish break-outs call for a higher target!*** ***
For this particular analysis on Avalanche we are using the AVAXUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where AVAX recently broke above its 1D MA50 (blue trend-line), following an additional bullish break above the Lower Highs trend-line that started with the April 02 High. With the RSI on the 1W time-frame still on oversold territory, this is a major bullish signal on Avalanche on multiple break-outs.
The last time we had a break above the 1D MA50 on an oversold state, was on July 26 2021 and the huge rally of August - November started. The short-term target is the 1D MA200 (orange trend-line) and then the top (Higher Highs trend-line) of the Channel Up that started in June.
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