AVAX - Diamond bottom on the 4h

업데이트됨
AVAX is forming a diamond bottom on the 4h and a bull flag can also be considered.

Breakout from 26.30 and moving above the 200 EMA at 28 will solidify this
노트
The price has broken out favorably, though not explosively. This situation typically leads to a slow upward grind with numerous fluctuations.

Exercise patience, especially during the initial phase, until the price reaches the 35-38 range.
노트
Squeeze is forming in the daily chart. This pullback is healthy, testing the 21MA of the daily chart. Exercise patience, recovery is excepted at the end of day or early tomorrow
노트
Recovery from early morning drop is taking place. Anticipating the squeeze on the daily this week.
노트
The squeeze that is forming on the daily should fire this week , fueling the upside

스냅샷
노트
Daily 50 EMA is giving problems here, acts as strong resistance for 2 days

스냅샷


4H gives a more positive site , with the 12 EMA cross to the 200 EMA and the price finding support there , although price can get as low as the 50 EMA on the 4H chart.

스냅샷

looking deeper into 1h we can potentially see a flag forming
스냅샷

next 1-2 days will clear the direction
노트
The daily squeeze has fired over the weekend, so we are in a bullish bias. Lots of news with elections and etf so expect the pullback and should be considered healthy. Pullback can reach to 30 level and next push upwards should be at 37 level reaching as much as 40 before next major pullback

스냅샷
노트
We got a good reaction on the marked level
스냅샷

Looking at 1h we can see a potential bull flag trying to save the day.
스냅샷

Exercise patients , lots of things are happening at the same time
Chart Patterns

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