AVAX On Its Way To $37 🚀
It looks like AVAX had no time to lose today. It pumped right through our support area between 29 and 31 and stuck the landing on the 4H chart.
Currently, it doesn't look as if AVAX loses steam. Accordingly, I expect a daily close above this crucial level, too.
If AVAX can close the daily/weekly candle above this level, it should be set for a run towards $37.
We might see a smaller consolidation or cool-off period, which is healthy. Nevertheless, with the upcoming ETH ETF, AVAX should have enough fuel for its flight to $37.
A quick cool-off phase would also help to bring momentum indicators back to a neutral zone since they are currently heavily overbought.
Trade signals in lower timeframes have already been flashing bullish signs, and I expect the same in higher timeframes.
Summarized and given the mentioned close on the higher timeframe, AVAX looks bullish for the next days and weeks.
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