After failing to hold its levels yesterday, BITFINEX:AVTUSD appears to be working on the CD leg of a bullish cypher, which means a buy opportunity is on the horizon. At writing, it is nearing completion of a bear flag & should begin descending to the .786 fib line where there will be strong support. This chart has made some sharp moves recently & I expect we will see strong volume arrive at this point. When it pops, it pops for big gainers, & it's going to be itching for it once this pattern is completed.
Buy: 2.7
Stop: 2.4
Target 1: 3.02
Target 2: 3.28
Target 3: 3.68
Target 4: 4.38
Target 5: 5.48
Buy: 2.7
Stop: 2.4
Target 1: 3.02
Target 2: 3.28
Target 3: 3.68
Target 4: 4.38
Target 5: 5.48