Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Bullish momentum: long trade Prospects as Avalanche aims for $12.50 By: Invezz October 24, 2023 at 10:04 AM EDT DOT/USDT trading strategy Buy/sell asset: Buy AVAX/USDTEntry price: 10.40Stop loss: 10.04Leverage: 1xTake profit 1: 10.80Take profit 2: 11.50Take profit 3: 12.50Timeframe: 1-2 weeksMaximum profit: 20.3%Maximum loss: 3.37%AVAX/USDT chart and technical analysisAVAX/USDT is making significant gains after it dropped to the $8.65 support level and made a double-bottom. Since then the price made higher highs and will possibly reach the $12.50 level in the coming days.The price gained 24.50% since last week and the bullish trend will likely continue until the price breaks above the previous high of $11.88 and will likely reach the $12.50 level before making a considerable correction.This is almost the same chart pattern the price made on August 29th and October 16th. I am expecting the price will possibly repeat the same pattern and will take out all the sellers before making a considerable drop.Avalanche fundamental analysisFundamentally, the overall crypto market is strongly bullish and will possibly continue the bullish rally until exhausting all the sellers.The price could drop significantly after reaching the predicted target of $12.50.Avalanche to Tether trade idea takeawaysThe price of AVAX/USDT will possibly continue its rally after retesting the $10.40 support level. I am expecting the price will rally to the $12.50 resistance level in the coming days.Multiple take-profit levels have been added to secure profit along the way.The risk-to-reward ratio on this trade is 1:6.The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.Good luck!The post Bullish momentum: long trade Prospects as Avalanche aims for $12.50 appeared first on Invezz. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Bullish momentum: long trade Prospects as Avalanche aims for $12.50 By: Invezz October 24, 2023 at 10:04 AM EDT DOT/USDT trading strategy Buy/sell asset: Buy AVAX/USDTEntry price: 10.40Stop loss: 10.04Leverage: 1xTake profit 1: 10.80Take profit 2: 11.50Take profit 3: 12.50Timeframe: 1-2 weeksMaximum profit: 20.3%Maximum loss: 3.37%AVAX/USDT chart and technical analysisAVAX/USDT is making significant gains after it dropped to the $8.65 support level and made a double-bottom. Since then the price made higher highs and will possibly reach the $12.50 level in the coming days.The price gained 24.50% since last week and the bullish trend will likely continue until the price breaks above the previous high of $11.88 and will likely reach the $12.50 level before making a considerable correction.This is almost the same chart pattern the price made on August 29th and October 16th. I am expecting the price will possibly repeat the same pattern and will take out all the sellers before making a considerable drop.Avalanche fundamental analysisFundamentally, the overall crypto market is strongly bullish and will possibly continue the bullish rally until exhausting all the sellers.The price could drop significantly after reaching the predicted target of $12.50.Avalanche to Tether trade idea takeawaysThe price of AVAX/USDT will possibly continue its rally after retesting the $10.40 support level. I am expecting the price will rally to the $12.50 resistance level in the coming days.Multiple take-profit levels have been added to secure profit along the way.The risk-to-reward ratio on this trade is 1:6.The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.Good luck!The post Bullish momentum: long trade Prospects as Avalanche aims for $12.50 appeared first on Invezz.
