🔥 AVAX/USDT Triangle Breakout: Bullish Outlook

31 בינו׳ 2021

Today, AVAX has finally broken out of the triangle in which it has residing for over two weeks. The current 4H candle is much bigger than any of the previous recent candles that we've seen on the chart, indicating a lot of volume inflow. The inflow combined with the break out of the triangle indicate that a new bullish period has started for this coin.

On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.

Happy trading!