As in my previous analysis in the end of September (see the link below), I pointed out that AVAX would need to go $15 prices for liquidity grab.
It was the case and now AVAX is moving up with good momentum. The prices are now above the strong resistance, EMA 50D with supporting volume indicators:
- MFI breaks its trendline (leading indicators)
- OBV is about to break its trendline, as well (lagging indicator)
- CMF switched from negative to positive values, reinforcing the break-out (of EMA 50D).
The target of this move is $24-$25.
10% up since entry.