AVAXUSDT | Long Trigger Setup 🚀
AVAX is forming a bullish structure on the 15-minute timeframe, respecting an ascending trendline while consolidating near key resistance levels. The price is currently finding support at $18.67, where buyers have stepped in multiple times, indicating demand.
A breakout above $19.06 (previous resistance) could confirm a continuation towards higher levels, with the next major target at $19.79.
🔹 Technical Analysis:
✅ Ascending Trendline Support: Higher lows suggest bullish momentum.
✅ EMA Alignment: Price is interacting with the 7, 25, and 99 EMAs, signaling potential upside if reclaimed.
✅ Volume Analysis: Increasing volume on green candles suggests accumulation.
📊 Key Levels:
🔹 Immediate Support: $18.67
🔹 Breakout Resistance: $19.06
🔹 Major Target: $19.79
🔹 Trendline Support: Holding structure above $18.67
🚀 Long Setup Confirmation:
A break and retest of $19.06 with strong volume could confirm a bullish breakout, targeting $19.79. If buyers step in aggressively, momentum may push even higher.
🔻 Invalidation & Risk Management:
A break below $18.67 with volume could invalidate this setup.
A cautious stop-loss can be placed slightly below $18.67 to manage risk efficiently.
This setup offers a high-reward potential if conditions align, making it a strong long opportunity if executed correctly.
#AVAX #Crypto #Trading #LongSetup #Breakout #TechnicalAnalysis 🚀
AVAX is forming a bullish structure on the 15-minute timeframe, respecting an ascending trendline while consolidating near key resistance levels. The price is currently finding support at $18.67, where buyers have stepped in multiple times, indicating demand.
A breakout above $19.06 (previous resistance) could confirm a continuation towards higher levels, with the next major target at $19.79.
🔹 Technical Analysis:
✅ Ascending Trendline Support: Higher lows suggest bullish momentum.
✅ EMA Alignment: Price is interacting with the 7, 25, and 99 EMAs, signaling potential upside if reclaimed.
✅ Volume Analysis: Increasing volume on green candles suggests accumulation.
📊 Key Levels:
🔹 Immediate Support: $18.67
🔹 Breakout Resistance: $19.06
🔹 Major Target: $19.79
🔹 Trendline Support: Holding structure above $18.67
🚀 Long Setup Confirmation:
A break and retest of $19.06 with strong volume could confirm a bullish breakout, targeting $19.79. If buyers step in aggressively, momentum may push even higher.
🔻 Invalidation & Risk Management:
A break below $18.67 with volume could invalidate this setup.
A cautious stop-loss can be placed slightly below $18.67 to manage risk efficiently.
This setup offers a high-reward potential if conditions align, making it a strong long opportunity if executed correctly.
#AVAX #Crypto #Trading #LongSetup #Breakout #TechnicalAnalysis 🚀
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.