Yello, Paradisers! Have you been ignoring #AVAX because of its sideways chop? That might be a costly mistake, because what’s forming now could be the foundation of a major trend reversal that catches most traders completely off guard.
💎After an extensive downtrend, AVAX has been trading sideways for nearly 184 days, signaling the market is in accumulation mode. This long consolidation is beginning to take shape as a possible reversal base, and when it breaks, it could break hard.
💎Right now, #AVAXUSDT is battling a complex resistance zone between $23.50 and $27. This region is packed with overlapping technical barriers, many of which date back to December 2024, adding to its significance. It's a make-or-break zone.
💎Once $27 is broken with strong volume confirmation, the stage will be set for a powerful breakout, with upside potential targeting the next major resistance between $36 and $39.20. This zone aligns perfectly with the 61.8% Fibonacci retracement, which is historically where larger moves tend to conclude or stall.
💎On the downside, support remains solid between $20.30 and $19.75. This band has been a reliable support/resistance flip during the range and continues to act as the primary defense zone.
💎Adding fuel to the bullish outlook is the potential golden cross formation between the EMA 50 and EMA 200. If this confirms, it would add serious momentum to any breakout and attract trend-followers back into the market.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎After an extensive downtrend, AVAX has been trading sideways for nearly 184 days, signaling the market is in accumulation mode. This long consolidation is beginning to take shape as a possible reversal base, and when it breaks, it could break hard.
💎Right now, #AVAXUSDT is battling a complex resistance zone between $23.50 and $27. This region is packed with overlapping technical barriers, many of which date back to December 2024, adding to its significance. It's a make-or-break zone.
💎Once $27 is broken with strong volume confirmation, the stage will be set for a powerful breakout, with upside potential targeting the next major resistance between $36 and $39.20. This zone aligns perfectly with the 61.8% Fibonacci retracement, which is historically where larger moves tend to conclude or stall.
💎On the downside, support remains solid between $20.30 and $19.75. This band has been a reliable support/resistance flip during the range and continues to act as the primary defense zone.
💎Adding fuel to the bullish outlook is the potential golden cross formation between the EMA 50 and EMA 200. If this confirms, it would add serious momentum to any breakout and attract trend-followers back into the market.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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.