$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 and price action.
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 pi