Look, it's simple here. If it's not raining, then it's snowing. If it's not snowing, then it's sunny. If it's raining and sunny - a bounce to the rainbow is possible with an optimistic forecast, BUT IT'S NOT CERTAIN!
Post
Maxim S
ยท
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๐บ AVAX / Avalanche: Symmetrical Triangle on the Weekly Chart
Avalanche is forming a large symmetrical triangle on the weekly timeframe. The technical picture hints at readiness for a strong movement, which may develop into a multi-week rally ๐
๐ Support: the 50 MA moving average zone โ a key level for holding.
๐ Growth Scenario: upon a successful bounce and breakout of the upper boundary of the triangle, an upward impulse is expected.
๐ฏ Growth Targets:
$55 (+35%)
$80 (+95%)
$120 (+190%)
โ ๏ธ Risks: a downward breakout cancels the bullish scenario and opens the way to $22-17.5
Spot Trading ๐$AVAX
Futures ๐
Avalanche is forming a large symmetrical triangle on the weekly timeframe. The technical picture hints at readiness for a strong movement, which may develop into a multi-week rally ๐
๐ Support: the 50 MA moving average zone โ a key level for holding.
๐ Growth Scenario: upon a successful bounce and breakout of the upper boundary of the triangle, an upward impulse is expected.
๐ฏ Growth Targets:
$55 (+35%)
$80 (+95%)
$120 (+190%)
โ ๏ธ Risks: a downward breakout cancels the bullish scenario and opens the way to $22-17.5
Spot Trading ๐$AVAX
Futures ๐
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