AVAXUSD Critical Threats

Updated

Some fitted curved lines that could become relevant in the developments of this market. It looks gloomy with the potential resistance of the green, purple and blue, and while rebounds from these levels can happen, they can also provide opportunities if broken and retested.

Perhaps the blue one is actually more stronger than the other two, so an incursion for it can happen. Not much support curved lines for this one, but the red could be strong enough to keep it in check.

Looking at the potential rebounds at these curved line or break and retests. Open to most of possible scenarios as long as the price action looks relevant to these lines. Some arrows with possible developments highlighted in the snapshot.

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A stop and a break of the purple. Currently at the green which could also be broken eventually. Retests of the purple or green after break would be interesting and could provide entry points.

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Lovely bounces from the green and the retest of the purple followed by the breakthrough of the proposed resistance curve.

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Potential retest and rebound from the green and purple.

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Break, retest, and rebound from the green.

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2 candlestick shadows at the red curve and a rebound.

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Red curve did not hold and after break it was retested. Looking bearish for avax and if 26 holds as resistance there could be room for another bearish wave.

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