Yello, Paradisers! Is this the moment #AVAX finally makes its comeback after months of struggle? Let’s break down the # Avalanche's latest analysis:
💎After 4-5 months of a downtrend, #AVAXUSDT has managed to break out of a Descending Channel, thanks to strong support at $22.82. This could be the much-needed turning point, but we’re not out of the woods just yet.
💎For this rally to truly gain steam, #AVAX needs to clear the resistance zone at $30.50-$32.80, which was previously support. If it breaks above this level, we could see a stronger push toward the next major resistance, backed by increasing volume and the 20EMA, signaling that bulls might be in control.
💎If momentum fades, watch for a pullback to retest the breakout zone near $22.82. A failure to hold this support could send #AVAX back toward the lower demand zone at $20.47.
💎A break below $20.47 would hand control back to the bears, likely leading to a deeper correction and wiping out any hopes of a bullish recovery in the short term.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎After 4-5 months of a downtrend, #AVAXUSDT has managed to break out of a Descending Channel, thanks to strong support at $22.82. This could be the much-needed turning point, but we’re not out of the woods just yet.
💎For this rally to truly gain steam, #AVAX needs to clear the resistance zone at $30.50-$32.80, which was previously support. If it breaks above this level, we could see a stronger push toward the next major resistance, backed by increasing volume and the 20EMA, signaling that bulls might be in control.
💎If momentum fades, watch for a pullback to retest the breakout zone near $22.82. A failure to hold this support could send #AVAX back toward the lower demand zone at $20.47.
💎A break below $20.47 would hand control back to the bears, likely leading to a deeper correction and wiping out any hopes of a bullish recovery in the short term.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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.
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.