$AVAX
Good afternoon, team! Shall we continue our analysis?
The turn has finally come to 🔺$AVAX :
❗️Let me remind you that Avalanche is a blockchain platform for creating and launching dApps (decentralized applications). Top DeFi asset from 12th place in terms of capitalization (almost ~$14 billion!!).
The technical picture is very interesting:
🖥[4H Time Frame] Around the ±30$ mark, the asset formed a “Double Bottom”, from where the asset markup began, BUT the resistance block at $38-40 acts as a strong level - we see a repeated downward reversal.
The target of the short-term correction is 0.5-00.618 Fibo, where the Bullish MB (mitigation block) also passes or in the price equivalent of $34-35🎯
Fixed below $32 = cancellation of the scenario.
💠💠💠💠
$AVAX —one of the strongest fundamental projects, on a par with SOL/LINK/DOT, etc. Often this asset moves among the first, setting a trend movement for the rest of the market📊. Investing in AVAX is definitely the right decision!
p.s. Well, I’m back to looking for potential gems💎—a couple of interesting options are already in mind. I’ll study the projects better and be sure to share them with you!
Good afternoon, team! Shall we continue our analysis?
The turn has finally come to 🔺$AVAX :
❗️Let me remind you that Avalanche is a blockchain platform for creating and launching dApps (decentralized applications). Top DeFi asset from 12th place in terms of capitalization (almost ~$14 billion!!).
The technical picture is very interesting:
🖥[4H Time Frame] Around the ±30$ mark, the asset formed a “Double Bottom”, from where the asset markup began, BUT the resistance block at $38-40 acts as a strong level - we see a repeated downward reversal.
The target of the short-term correction is 0.5-00.618 Fibo, where the Bullish MB (mitigation block) also passes or in the price equivalent of $34-35🎯
Fixed below $32 = cancellation of the scenario.
💠💠💠💠
$AVAX —one of the strongest fundamental projects, on a par with SOL/LINK/DOT, etc. Often this asset moves among the first, setting a trend movement for the rest of the market📊. Investing in AVAX is definitely the right decision!
p.s. Well, I’m back to looking for potential gems💎—a couple of interesting options are already in mind. I’ll study the projects better and be sure to share them with you!