Japon_Ev_Hanimi

We are in a retest after the double bottom break. A pullback may continue until 0.618 of this movement, but then I expect it to start an upward movement. This is not investment advice.

AVAX/USDT- update- the time to be careful is approaching for a bearish harmonic shark formationThe price continues to rise towards the channel middle band in the high time frame and this region intersects with the reversal region of the shark harmonic formation. In this case, the price is now gradually moving away from the 5-0 long direction region between 30-34. We can now talk about a correction for Avax between $59.94-$71.61. Of course, it would be appropriate to look for confirmation in low time frames for a short direction transaction and not to make aggressive decisions, without forgetting that we are in the bull season.

I had planned to enter the trade with a strong breakout and then a retest. Such a strong breakout is a positive indicator for a long trade to be taken. Now it's time to wait for the price to reach the breakout area. If this trade is stopped, I can plan a second long trade from the fibbonacci 0.618 region of the last wave with the 2-618 formation.

If the price comes around the blue box, I will start setting up a long trade. For this, I will look for confirmation with oversold and positive divergences in RSI on various time frames.

If the price corrects from here, a shark reversal price range awaits us below. If the price corrects to around $30-32, I expect a sharp upward wave from here.