AVAX 1D Three Levels to Buy Long

17 בפבר׳ 2022

Today we will consider the chart of AVAXUSDT, the price of which has almost doubled in a month.
But first let's look at our previous idea, where the white route with a projected growth from $40 to $140 worked out completely

As you can see from the AVAXUSD chart, before strong growth impulses, the price likes to be in consolidation to form a bullish flag for a long time.
We also assume the same correction at this stage, which gives us three possible outcomes:
1. The price will either break through and consolidate above $100 in the next few days, or there will be a shallow correction, not below $76 - and then open way for growth with the first target of $200-210.
2. A deeper correction, but without updating this year's low, i.e., not below $60. A consolidation above this level will open the way for growth, with the first target of $200-210 as well.
3. A deep and prolonged correction to the area of $40-45, from where we had the previous growth. This is a strong mirror level and if the buyers become aggressively active there again and show their serious intentions, it will be possible to buy a large position. The target for growth is $400+ for AVAX, with a very ambitious x10 from the buying zone.
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21 בפבר׳ 2022

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