AVAX / TetherUSLong
AVAX Breakout Potential
Cup and Handle Pattern.
With a potential breakout target of 22.4%.
Hourly Price action has been held down by the 200
EMA twice.
Decreased volume indicates a potential
momentum swing coupled with finding
support on the top of the 50 EMA and the
RSI potentially bouncing off the 50,
could indicate a change in direction.
A potential play could be to trade
the breakout of the handle, or a
confirmation of the break above the
200 EMA.
With a potential breakout target of 22.4%.
Hourly Price action has been held down by the 200
EMA twice.
Decreased volume indicates a potential
momentum swing coupled with finding
support on the top of the 50 EMA and the
RSI potentially bouncing off the 50,
could indicate a change in direction.
A potential play could be to trade
the breakout of the handle, or a
confirmation of the break above the
200 EMA.
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