🔥 AVAX All Targets Hit: Bullish Channel

15 בנוב׳ 2021

Around a week ago I made an analysis on AVAX. In that analysis I targeted $90 and $100 as a result of a pennant break out pattern. As of today, $100 has been hit, Congratulations if you took the trade.

Since AVAX's is currently vastly outperforming a good majority of other crypto's, I don't see the trend ending anytime soon. However, I'm expecting the top trend line of the channel on the chart to offer strong resistance. Most noteworthy support at $80.

So for now, I'm putting my bet on AVAX continuing this channel pattern in the near future. At the earliest this token will go bearish after hitting the channel top. Assuming BTC stays relatively stable.

Happy trading!