Avalanche teasing an inverse head and shoulder breakout

٧ يوليو ٢٠٢٢

Waiting to see where the current candle closes. Seeing priceaction flip the 1day 50ma (in orange) to support would make me more confident of the breakout. If breakout confirms target should be around $28.

١٧ يوليو ٢٠٢٢

ملاحظة

We can see price action has retested the neckline and confirmed support so far upon retest.

١٧ يوليو ٢٠٢٢

ملاحظة

Just recently broke well above the 1 day 50ma. Maintaining it as solid support should ensure we head to the breakout target soon after.

٢٩ يوليو ٢٠٢٢

ملاحظة

Avalanche has been taking its sweet time reaching the target, but I have a feeling it will reach it in the next few daily candles.

٢٩ يوليو ٢٠٢٢

ملاحظة

Only $3 from the target.

٧ أغسطس ٢٠٢٢

ملاحظة

We have reached 27. Only 1 dollar shy of the target..should get there soon.

٧ أغسطس ٢٠٢٢

ملاحظة

Target hit!