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Technical analysis by ChrisJTradesFX about Symbol AVAX on 6/12/2023

https://sahmeto.com/message/3360315
ChrisJTradesFX
ChrisJTradesFX
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These are levels that I'll be keeping an eye on when dealing with AVAXUSD , and I'll revise as price action progresses.I adapt to the change in money flow.Fundamentals:Amazon Web Services (AWS) has partnered with Ava Labs in a bid to accelerate the adoption of blockchain technology by enterprises, institutions, and governments.The move has sent the linked Avalanche AVAXUSD token soaring higher in recent days, outperforming even Bitcoin amid a major bull run in the biggest cryptocurrency. *OLD ARTICLE*.....Monthly:1. P.A. broke a key low2. Demand (untouched) below broken key low3. Key S/R being revisited for 1st time4. Key S/R rest within untouched demandOnce price shifts to the upside, I see the $56 - $75 range being it's 1st big hurdle.Weekly flipped bullish. Since that took place, the Daily and H4 flipped as well.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$11.44
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