Yello, Paradisers! Is AVAXUSDT about to take another dive, or are the bulls finally ready to step in? Let’s break it down!
💎#AVAXUSDT remains firmly in a downtrend, struggling to gain bullish momentum while continuously rejecting key supply zones. Recently, the price tapped into the imbalance zone around $21.5, but sellers smacked it right back down a clear sign that bears are still in control.
💎Adding to the bearish case, a descending trendline and moving averages are acting as resistance, keeping price action suppressed. The structure continues to form lower highs and lower lows, reinforcing downside momentum.
💎If Avalanche retests the $22.5 supply zone and faces rejection, another leg down toward $18.956 is likely, with the next major support sitting at $17.523. Right now, if the price closes below the 50 EMA, there’s a strong probability it will directly target our projected support levels. A failure to attract strong buying interest at these levels would confirm further downside continuation.
💎However, if AVAX manages to break through the $22.5 supply zone, our focus shifts to the next major resistance at $24.136. A breakout above this level with strong volume could invalidate the bearish setup, potentially pushing price toward $24 - $25. A confirmed move past $24.136 would shift momentum bullish, opening the door for a rally toward $26 and beyond.
Stay sharp, Paradisers! The market rewards patience and discipline. If we get confirmation, we act. If not, we wait. Trade smart, not fast! 🎖
MyCryptoParadise
iFeel the success 🌴
💎#AVAXUSDT remains firmly in a downtrend, struggling to gain bullish momentum while continuously rejecting key supply zones. Recently, the price tapped into the imbalance zone around $21.5, but sellers smacked it right back down a clear sign that bears are still in control.
💎Adding to the bearish case, a descending trendline and moving averages are acting as resistance, keeping price action suppressed. The structure continues to form lower highs and lower lows, reinforcing downside momentum.
💎If Avalanche retests the $22.5 supply zone and faces rejection, another leg down toward $18.956 is likely, with the next major support sitting at $17.523. Right now, if the price closes below the 50 EMA, there’s a strong probability it will directly target our projected support levels. A failure to attract strong buying interest at these levels would confirm further downside continuation.
💎However, if AVAX manages to break through the $22.5 supply zone, our focus shifts to the next major resistance at $24.136. A breakout above this level with strong volume could invalidate the bearish setup, potentially pushing price toward $24 - $25. A confirmed move past $24.136 would shift momentum bullish, opening the door for a rally toward $26 and beyond.
Stay sharp, Paradisers! The market rewards patience and discipline. If we get confirmation, we act. If not, we wait. Trade smart, not fast! 🎖
MyCryptoParadise
iFeel the success 🌴
Trade closed: target reached
💎 Our #AVAX Call was Bang On: Witness the 21.50% Price Explosion 💎 Ever had the nagging feeling of regret for missing out? Each of our precise predictions is an opportunity seized. They say the sting of loss is twice as potent as the joy of gain.
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.