Is Avalanche AVAX price entering a bull trap?
AVAX/USD four-hour price chart. Source: BrechTPAVAX's price to continue its recovery trend in the coming days. His setup, as illustrated below, envisions the Avalanche token to reach approximately $30 in September.The upside target aligns with AVAX's prevailing"symmetrical triangle" setup.
Notably, the price has rebounded after testing the triangle's lower trendline as support and now sees the structure's upper trendline as its interim upside target.AVAX/USD weekly price chart. Source: TradingViewThe views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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