AVAX on the 4hr chart
There has been multiple candle closes towards the top of the ichimoku cloud, which indicates the price should drop to the bottom of the cloud.
The last 8 candles could also be seen as a sideways double top which is a further indication of a slight retracement
There is a bullish TK cross
I believe AVAX will either bounce off the 0.5 fib retracement level OR bounce off the bottom of the ichimoku cloud, and then breakout above the cloud.
LET ME KNOW WHAT YOU THINK
The last 8 candles could also be seen as a sideways double top which is a further indication of a slight retracement
There is a bullish TK cross
I believe AVAX will either bounce off the 0.5 fib retracement level OR bounce off the bottom of the ichimoku cloud, and then breakout above the cloud.
LET ME KNOW WHAT YOU THINK
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