Hello traders 🐺 .

TRADE OPPORTUNITY

I hope you fine my dear friends , in this idea I want to show you the very rare trading opportunity which now is happening for the AVAX , if you miss my last trading opportunity which was about theZIL you can find it in the related ideas , down below this idea , and try to not missing this one !

ok let’s start :

1_pattern :

In the chart a above you can see that , AVAX is currently breaking out from the triangle pattern , and as know the triangle pattern is continuation pattern and the current trend is bullish so as we can expect , this triangle break to the upside and now price trying to retest the triangle trend line as a new support .

2_EMA Ribbon :

before I start to talk about the EMA Ribbon situation , I want to talk about the very important fact which most of you may know this ; almost all of the moving averages pattern is the trend chaser pattern and this type of the indicators when market decided to goes sideway , can’t show us the trend with the accuracy but when market is in the specific trend , we can use this types of the indicators .

now it’s time to talk about the chart , as you can see because the price was in the pattern and actually hadn’t a specific trend , EMA Ribbon goes sideways , but what we have now is that the EMA Ribbon flipping to the bullish , just after the break out from the triangle pattern and this is a very good sign for the AVAX , and currently price is trying to retest the EMA Ribbon and also the triangle line for the confirmation of this break out .

conclusion : BULLISH

3_ TSI and RSI :

about the TSI I can say that , TSI is going above the zero line and the signal lines showing the bullish reversal for the AVAX so we can say AVAX currently is in the good situation .

and about the RSI , we haven’t a specific divergence but RSI value is above the middle line and this is showing us that the AVAX is in the bulls control .

conclusion : TSI and RSI are BULLISH

with these informations we can say that from the 3 indicators , all of them are showing us the bullish reversal in the AVAX , so we can being bullish on AVAX .

let’s talk about the price targets :

as you know I like to use Fibonacci tools for measuring the price targets of the patterns , so let me show you the possible price targets for the AVAX :

in the chart above we can see the first level of the resistance is around the 0.618 or in the other point of view the next resistance is around the ATH price , but after breaking it , in my point of the view , the price targets for this pattern is at 1.618 , but before reaching this , we have a little rejection from the ATH price and after that price will face to the 1.0 Fibonacci level , but the ultimate price targets could be around 1.618 .

but don’t forget that this is not a Financial advice and always trade based on your trading strategy ; have nice day my dear friends .