Lingrid | AVAXUSDT shows BULLISH sign. POTENTIAL Long

Aug 21

AVAXUSDT has finally broken out of the consolidation zone that has been forming since the beginning of August. On the weekly timeframe, the market displayed an inside bar formation, and the price has now surged above it, which is a bullish sign. Like many altcoins, the market has tested historical lows, and in this case, the price revisited levels from November 2023, where we previously saw a significant price surge from this area. On the 4H timeframe, the price action has also broken through a triangle pattern, signaling the end of an accumulation phase around 20.00 and potential bullish move. I expect the market retest the channel border and upward trendline. My target is resistance zone around 27.50


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Aug 25

Trade closed: target reached

TP reached