AVAX has formed a clean double-bottom pattern on the weekly chart, signalling potential reversal after an extended downtrend. Price is now holding above support and showing signs of early bullish structure, with a higher low forming and compression tightening.
Setup Thesis:
A breakout from this base structure could trigger a mid-term rally toward the $29–30 zone, which aligns with prior structure resistance. This setup targets continuation if buyers defend the current level and break the neckline convincingly.
Trade Plan:
Entry: Around $18.00–18.20
Stop Loss: Below $14.90 (beneath the recent low)
Target: $29.00–30.00
Structure: Double-bottom with early signs of trend reversal
Timeframe: Mid- to long-term swing (weekly confirmation needed)
Key Notes:
This is a higher-timeframe setup. Patience is key — let the candle close strong and look for follow-through. A break and hold above $21 would further validate the bullish shift.
Clean structure, defined invalidation, asymmetric reward.
Setup Thesis:
A breakout from this base structure could trigger a mid-term rally toward the $29–30 zone, which aligns with prior structure resistance. This setup targets continuation if buyers defend the current level and break the neckline convincingly.
Trade Plan:
Entry: Around $18.00–18.20
Stop Loss: Below $14.90 (beneath the recent low)
Target: $29.00–30.00
Structure: Double-bottom with early signs of trend reversal
Timeframe: Mid- to long-term swing (weekly confirmation needed)
Key Notes:
This is a higher-timeframe setup. Patience is key — let the candle close strong and look for follow-through. A break and hold above $21 would further validate the bullish shift.
Clean structure, defined invalidation, asymmetric reward.
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.