✴️ Avalanche | Cypher, Bat or Harmonics?

٩ يوليو ٢٠٢٣

I don't know about this pattern... The bullish bat, the cypher pattern, harmonics pattern, gartley, butterfly, crab, it has a hundred names... I don't know, I know it works pretty good when it shows up but I just don't know the maths of it...

The blue one on the chart.

First, let me apologize for keeping you waiting, I've been away for a few hours as I was meditating, you know I am very meditative, but this is great because it gives me a better perspective of the charts.

Long story short, Avalanche turned everything green and please, ignore the pattern on the screen.

AVAXUSD just closed above EMA50... While you might be thinking, "Yes, big deal, so what?"

Hold on... It moved above EMA50 for a while in March as part of a correction but the last time this pair moved above EMA50 to the upside after the end of a correction was in January and this lead to a more than 111% bullish wave. This is where we are at now!

You see... A big deal.

Since we have a higher low, this new bullish wave can do the same as before or even more.

Namaste.

Disclaimer: All the information shared here is for your entertainment and learning purposes only. None of it should be construed as financial advice.