AVAX / TetherUS
Long
Updated

AVAX/USDT Bracing for a Bullish Journey?๐Ÿ‘€ ๐Ÿš€Avax Today Analysis

4โ€ฏ021
๐Ÿ’Ž Yello paradisers, spotlight on #AVAXUSDT as it unfolds a compelling narrative in the crypto trading landscape. Nestled within a demand zone and having recently executed a Market Structure Shift (MSS), it is showing strong signs of a potential bullish uptrend.

๐Ÿ’Ž Delving into #Avalanche's market trajectory reveals a pattern of strategic moves. AVAX has a history of meticulously following a descending trendline, only to break above it, ushering in upward movements.

๐Ÿ’Ž Presently, AVAX is poised to challenge a notable Bearish Order Block (OB), with its recent MSS trajectory adding credence to bullish prospects. Moreover, a deep dive into its performance shows it sustaining robust momentum above the EMA100, hinting that if this upward trend continues, targets at $31.13 and $41.34 supply levels may well be within reach.

๐Ÿ’Ž However, in the fluid crypto market, #AVAX traders should be prepared for varying outcomes. If the expected bullish breakout falters, a rebound strategy from the support level of $19.59 becomes essential.

๐Ÿ’Ž A drop below this support level would necessitate a strategy shift, indicating a need to reassess the bullish outlook and adapt trading strategies accordingly. ๐ŸŒด๐Ÿ’ฐ
Trade closed: target reached
๐Ÿ’Ž Bingo! #AVAXUSDT is dancing to our tune, up 71.22% just like we predicted.
Note
snapshot

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.