AVAX/USDT - Bearish harmonic shark formation is loading
2024-11-30

AVAX/USDT- update- the time to be careful is approaching for a bearish harmonic shark formation


The 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.