📈🚀 Bullish or Bearish on AVAX? Let’s Dive In! 🌟
Hey everyone! 🙌 Here’s my take on AVAX – a crypto with big potential but at a critical juncture!
Key Levels to Watch:
🔼 Resistance Levels:
$50.27 (0.618): Immediate resistance, bulls need to conquer this! 🏔️
$65.39: A major swing high to aim for. 🏆
$92.13 (0.382): Larger Fibonacci retracement – the moon’s next stop? 🚀
🔽 Support Levels:
$37.49 (0.786): Closest support, critical to hold! 🛡️
$23.97 (0.886): The key level below if $37.49 breaks.
$8.55: Historical low – long-term support in case things get messy. 📉
What’s Happening Now?
The chart still looks bearish on the macro level. AVAX has yet to reclaim critical levels. Breaking below $37.49 could send it spiraling toward $23.97, but holding this support and breaking above $50.27 would be a game-changer for bullish momentum! 📈🔥
Global Perspective:
🌎 Bearish Signs: The recent rally hit resistance hard, and failure to hold support suggests the downtrend may continue.
🌟 Bullish Hope: A decisive breakout above $50.27 could spark a rally, first targeting $65.39 and then reaching for $92.13!
It’s a pivotal moment for AVAX! Will it hold the line and climb, or crumble under pressure? Only the market can decide of course.
I would say, odds are 60/40 for bullish scenario! I wish it goes up to the sky and break previous highs!
#Trading #AVAX #Crypto #SupportAndResistance #Investing
Share your thoughts below – bullish, bearish, or just watching? Let’s see where this journey takes us! 🤑💎
Hey everyone! 🙌 Here’s my take on AVAX – a crypto with big potential but at a critical juncture!
Key Levels to Watch:
🔼 Resistance Levels:
$50.27 (0.618): Immediate resistance, bulls need to conquer this! 🏔️
$65.39: A major swing high to aim for. 🏆
$92.13 (0.382): Larger Fibonacci retracement – the moon’s next stop? 🚀
🔽 Support Levels:
$37.49 (0.786): Closest support, critical to hold! 🛡️
$23.97 (0.886): The key level below if $37.49 breaks.
$8.55: Historical low – long-term support in case things get messy. 📉
What’s Happening Now?
The chart still looks bearish on the macro level. AVAX has yet to reclaim critical levels. Breaking below $37.49 could send it spiraling toward $23.97, but holding this support and breaking above $50.27 would be a game-changer for bullish momentum! 📈🔥
Global Perspective:
🌎 Bearish Signs: The recent rally hit resistance hard, and failure to hold support suggests the downtrend may continue.
🌟 Bullish Hope: A decisive breakout above $50.27 could spark a rally, first targeting $65.39 and then reaching for $92.13!
It’s a pivotal moment for AVAX! Will it hold the line and climb, or crumble under pressure? Only the market can decide of course.
I would say, odds are 60/40 for bullish scenario! I wish it goes up to the sky and break previous highs!
#Trading #AVAX #Crypto #SupportAndResistance #Investing
Share your thoughts below – bullish, bearish, or just watching? Let’s see where this journey takes us! 🤑💎
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.
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.