AVAX/USDT – Potential 69% Setup

AVAX/USD COINBASE:AVAXUSD

caselinben

Hello Traders!

AVAX is moving in a local uptrend, pushing the $98 resistance level several times. The price is testing the MA100 on the daily timeframe .

A “Rising Triangle” pattern has been formed on the chart, an upward exit from which shows a potential rise to the resistance level of $135.50

Looking for purchases is possible near the current price values of $74 – $82

Closing the deal using stop loss is reasonable in case the price goes lower than the level of $64

The targets will be price levels of
$125,00
$135,50

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice

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