AVAXUSDT SPOT
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AVAX Analysis (1W)

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AVAX is currently attempting to form a double bottom pattern, which could signal a strong bullish reversal if confirmed. Earlier this week, AVAX made an effort to break down the key support/resistance zone, but it lacked the necessary volume to succeed.

If AVAX manages to reclaim the resistance area around $27 or higher, and confirms the breakout with a daily candle retest, the minimum target sits at $32.

However, if AVAX fails to break through resistance, there’s potentially an even better buying opportunity in the lower timeframes—a demand zone between $20 and $20.6.

I believe altcoins will offer another chance to catch up while prices are still far below their future valuations.

-S Wishes you the best in luck.
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Move your stoploss while price is going up.
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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.