$AVAX outlook -16.02.22

Analysis

• Breaking beyond the yellow line nullifies this bias. A pullback is to follow, at least to the white line.
  Pulling the fib retracement from the yellow line to the beginning of one confirms there is likely going to be a bounce to the area in question.
  
  
• This is a short term outlook, and we might happen to be in a correction, in which case there we go beyond the red lines before going down.
  
  

Trade safe!