AVAX view
NFA, DYOR.
We are on the previous swing low, which acts as resistance for now.
We faked a breakout, (not confirmed on a daily TF).
Price is forming a symmetrical triangle, after a bullish impulse, which is consolidation for a continuous move up.
If the price closes above the upper line of the triangle, it can easily go up to resistance above (zone in between red lines).
RSI is highly overbought, and losing momentum, (forming potential divergence).
Up is limited, if we do not see some kind of correction.
Stay safe.
We are on the previous swing low, which acts as resistance for now.
We faked a breakout, (not confirmed on a daily TF).
Price is forming a symmetrical triangle, after a bullish impulse, which is consolidation for a continuous move up.
If the price closes above the upper line of the triangle, it can easily go up to resistance above (zone in between red lines).
RSI is highly overbought, and losing momentum, (forming potential divergence).
Up is limited, if we do not see some kind of correction.
Stay safe.
כתב ויתור
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.