Just like most of the crypto markets, AVAX has seen a sharp reversal over the last couple of days. If we connect the December lows with the lows of last week and the latest tops, we can clearly see a bull flag pattern emerge on the chart.
Since we're coming from a strong bullish trend, the most likely scenario would be a bullish break out from this pattern. Be aware that we might bounce between the trend lines for a couple more weeks before a definitive break out.
Targets placed at recent tops.
Happy trading!
Since we're coming from a strong bullish trend, the most likely scenario would be a bullish break out from this pattern. Be aware that we might bounce between the trend lines for a couple more weeks before a definitive break out.
Targets placed at recent tops.
Happy trading!
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