$AVAX Alert Folks Must Read Graph ๐ธ๐
1. AVAX got close to reattempting the $30 level with the previous wick lows standing there.
Itโs recovered nicely from those lows and is back near the yearly open. Price stepped
above it for a little bit but is now retesting the most recent breakout trendline.
2. Whether this happens now or in 3 months, I believe these large caps will be great trades
to make into the second half of the year.
3. With this trendline retest, it should be pretty easy to see AVAX validate a breakout or stay
within this range.
4. For a long position, look for a reclaim of the yearly open at $38.57 followed by a move
towards the previous range highs around $44. Under $44, I donโt expect AVAX to do
much. If AVAX reclaims the yearly open, expect a push to $41 and $44. The retest of the
current trendline should act as a good confirmation for this breakout staying possible.
Below it, look for a breakdown.
5. For a short position, look for a firm breakdown of the $35 level, which will lead AVAX to
the monthly open at $32.71 this would invalidate the recent uptrend and give way for a
breakdown of the monthly open, with support levels standing at $28.75 and $26.50.
#avax #MtGox #StartInvestingInCrypto #ETHETFsApproved #AVAXโ
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