$AVAX Inverse Head And Shoulder Reversal!?

We can also see the 4hr money printer formation here in the moving averages. This happens when price action has a retracement to the downside.

Notice how all of the moving averages besides the yellow 200MA is gathering quite tightly with price action?

The yellow 200MA is gapped above price action and the other MA'S.

This is the money printer formation. The algorithm will normally pull price action up to fill the gap between price action and the 200MA.

Now the inverse head and shoulder pattern has a target of $13.52.

In the second picture is the 1hr timeframe. We can see that price action is currently retesting the 1hr 200MA.

The bulls will be looking to hold the 1hr 200MA as support. Then go fill the 4hr 200MA money printer.

*EDIT*
Click the pictures to blow up the details and see the whole chart.

NFA, DYOR ⚠️

#Crypto #Trading #AVAX