My main argument here is basically as long as trend line 1 holds Avax will want to go 11 dollars.
However, a bearish reversal is calling on the other hand. So I created a few more trend lines to follow. I started to sell the AVAX that I bought from $3.2 to $5.5 above 9.
The red one will be the critical trend line that keeps bullish motivation.
The red box will hopefully hold the price in case of a retracement. In this case, I will follow 8.31 and 7.29 as support lines. These are the levels I may buy again. And finally, 6.12 to decide if the party goes on or not.
הערה
In general, I really believe the project and has good potential. I am also considering some part of my portfolio as value investing.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.