📉 Trend Overview
- AVAX has been in a clear downtrend since mid-May,
- steadily declining from ~$27 to the current ~$18.
- Multiple lower highs and lower lows are evident, confirming bearish market structure.
🔍 Price Action
- Price is currently testing a key support zone around $17.50–$18,
- near previous consolidation zones (seen in April and February).
- Candle body sizes are shrinking, indicating momentum loss from sellers.
📊 Volume
- Volume is declining slightly, even during the downtrend, which may suggest selling exhaustion.
- No major bullish spike yet — so no confirmation of accumulation.
🧮 WaveTrend Oscillator (WT_CROSS)
WT Oscillator is:
- In deep oversold territory (below -50).
- Close to printing a green dot or crossing up, signaling a potential bullish reversal.
- The crossover isn’t completed yet — but worth watching in the next few days.
⚠️ Key Levels
- Immediate Support: ~$17.80 to $14.60 (historic demand zone).
- Resistance to Watch: ~$20.50 (first test zone), then ~$22.60.
✅ Bullish Signs
- Oversold oscillator with near crossover = possible bounce setup.
- Strong historical support zone — price may stabilize here if buyers step in.
- Heikin Ashi candles showing small-bodied red candles = possible trend weakening.
🚨 Bearish Risks
- No bullish divergence or confirmation yet — WT signal not fully formed.
- If support around ~$17.50 fails, next stop could be $14.50–$15.00 area.
- Still in macro downtrend — any bounce could just be a lower high retracement.
📌 Conclusion
AVAX is showing early signs of bottoming out, but not confirmed yet.
If you're a short-term trader, watch for:
- WT bullish crossover
- Bullish candle confirmation (e.g. engulfing or hammer)
- Volume spike on green days
For investors: cautiously accumulate only if price respects this support and macro sentiment improves.
--
Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
- AVAX has been in a clear downtrend since mid-May,
- steadily declining from ~$27 to the current ~$18.
- Multiple lower highs and lower lows are evident, confirming bearish market structure.
🔍 Price Action
- Price is currently testing a key support zone around $17.50–$18,
- near previous consolidation zones (seen in April and February).
- Candle body sizes are shrinking, indicating momentum loss from sellers.
📊 Volume
- Volume is declining slightly, even during the downtrend, which may suggest selling exhaustion.
- No major bullish spike yet — so no confirmation of accumulation.
🧮 WaveTrend Oscillator (WT_CROSS)
WT Oscillator is:
- In deep oversold territory (below -50).
- Close to printing a green dot or crossing up, signaling a potential bullish reversal.
- The crossover isn’t completed yet — but worth watching in the next few days.
⚠️ Key Levels
- Immediate Support: ~$17.80 to $14.60 (historic demand zone).
- Resistance to Watch: ~$20.50 (first test zone), then ~$22.60.
✅ Bullish Signs
- Oversold oscillator with near crossover = possible bounce setup.
- Strong historical support zone — price may stabilize here if buyers step in.
- Heikin Ashi candles showing small-bodied red candles = possible trend weakening.
🚨 Bearish Risks
- No bullish divergence or confirmation yet — WT signal not fully formed.
- If support around ~$17.50 fails, next stop could be $14.50–$15.00 area.
- Still in macro downtrend — any bounce could just be a lower high retracement.
📌 Conclusion
AVAX is showing early signs of bottoming out, but not confirmed yet.
If you're a short-term trader, watch for:
- WT bullish crossover
- Bullish candle confirmation (e.g. engulfing or hammer)
- Volume spike on green days
For investors: cautiously accumulate only if price respects this support and macro sentiment improves.
--
Disclosures:
This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.