Avalanche teasing an inverse head and shoulder breakout

Jul 7, 2022

Waiting to see where the current candle closes. Seeing priceaction flip the 1day 50ma (in orange) to support would make me more confident of the breakout. If breakout confirms target should be around $28.

Jul 17, 2022

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We can see price action has retested the neckline and confirmed support so far upon retest.

Jul 17, 2022

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Just recently broke well above the 1 day 50ma. Maintaining it as solid support should ensure we head to the breakout target soon after.

Jul 29, 2022

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Avalanche has been taking its sweet time reaching the target, but I have a feeling it will reach it in the next few daily candles.

Jul 29, 2022

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Only $3 from the target.

Aug 7, 2022

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We have reached 27. Only 1 dollar shy of the target..should get there soon.

Aug 7, 2022

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Target hit!