🔥 AVAX Bearish Wedge Break Out: Reversal Soon?

2021년 10월 7일

Around two weeks ago I made an analysis on AVAX. In this analysis I argued that we were trading in a bearish wedge and that a bearish move was in the cards.

In the end, we broke out on the downside, and are currently seeing some bearish pressure. With BTC going parabolic, I don't think we're done yet. My main reversal area is the area between $55 and $47.5, based at recent points of inflection.

Main target for the incoming reversal is placed at $75.

Happy trading!