Golden Cross Confirmed for Avalanche (AVAX)
Here’s a major technical signal for Avalanche (AVAX): the daily chart has just confirmed a Golden Cross. This occurs when the 50-day moving average crosses above the 200-day moving average, and is historically considered a strong medium-to-long-term bullish indicator.
* What this means: While not a guarantee, this pattern often precedes a sustained uptrend. The signal suggests that momentum is shifting firmly in favor of the bulls.
* Actionable Signal: Traders might view pullbacks toward the moving averages as potential buying opportunities. The next major resistance for $AVAX to target would be the $75 psychological# level.
Do you trade based on major technical patterns like the Golden Cross? Share your experience!
