Is AVAXUSDT on the Verge of a Major Breakout?
Updated
Yello, Paradisers! Is #AVAXUSDT about to break free from its downtrend? Let's dive into the analysis and find out!
💎#AVAXUSDT has been stuck in a downtrend for several days, repeatedly testing a descending trendline that acts as a strong resistance. Recently, it has been respecting its weekly support zone around $24.9-$22.8, where it took buy-side liquidity and reclaimed this support level.
💎If AVAXUSDT manages to break out from the descending trendline and retest it successfully, will have probability of a continuation towards minor resistance at $34.03. The price is anticipated to reach the major resistance zone around $39.91-$41.90. This is where a strong rejection is probable to happen.
💎If AVAXUSDT fails to break the trendline and closes below the daily support at $21.63, it will likely confirm a continuation of the downtrend. The next few days are crucial for AVAXUSDT. A breakout above the descending trendline could lead to significant upward movement, while failure to do so might push the price back into a downtrend.
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
Trade smart and avoid the herd mentality. By mastering your willpower and sticking to a robust strategy, you'll already be ahead of most traders out there. Keep pushing, and you'll find yourself in the winner's circle .
MyCryptoParadise
iFeel the success🌴
💎#AVAXUSDT has been stuck in a downtrend for several days, repeatedly testing a descending trendline that acts as a strong resistance. Recently, it has been respecting its weekly support zone around $24.9-$22.8, where it took buy-side liquidity and reclaimed this support level.
💎If AVAXUSDT manages to break out from the descending trendline and retest it successfully, will have probability of a continuation towards minor resistance at $34.03. The price is anticipated to reach the major resistance zone around $39.91-$41.90. This is where a strong rejection is probable to happen.
💎If AVAXUSDT fails to break the trendline and closes below the daily support at $21.63, it will likely confirm a continuation of the downtrend. The next few days are crucial for AVAXUSDT. A breakout above the descending trendline could lead to significant upward movement, while failure to do so might push the price back into a downtrend.
Remember, Paradisers, patience and discipline are key. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way to succeed in your crypto trading journey.
Trade smart and avoid the herd mentality. By mastering your willpower and sticking to a robust strategy, you'll already be ahead of most traders out there. Keep pushing, and you'll find yourself in the winner's circle .
MyCryptoParadise
iFeel the success🌴
Note
Yello Paradisers!AVAX break-out and retested , Moved 9.62% from the previous predicted analysis given.
Note
After breaking through that line, the pump happened and missed the minor resistance. #AVAX 29.9% rise? Called it
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