A week ago I made an analysis on AVAX and the pending pennant break out, see below.
Since my last analysis, AVAX went on a massive run-up and made it's way to target 1. As initially expected, the first target offered some strong resistance, but gave in after a third attempt.
At the moment, AVAX is on its way to the $90 target. $80 is the current main support, the price might re-test it before going up again. Longer-term target added at $100.
Happy trading!
Since my last analysis, AVAX went on a massive run-up and made it's way to target 1. As initially expected, the first target offered some strong resistance, but gave in after a third attempt.
At the moment, AVAX is on its way to the $90 target. $80 is the current main support, the price might re-test it before going up again. Longer-term target added at $100.
Happy trading!
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