💎 AVAX's market behavior has recently displayed remarkable dynamism. Currently, AVAX has made a notable breakout from its descending channel pattern and is in the midst of a retesting phase at a pivotal support level. This phase is crucial for AVAX to validate its breakout and continue its ascent towards a significant resistance target.
💎 However, if AVAX struggles during the retesting phase at the support level, exhibiting signs of failure or breakdown, it may indicate a false breakout. This scenario could potentially lead AVAX to revisit the demand area around 31.3, a critical juncture for determining its future trajectory.
💎 Historically, AVAX has demonstrated a strong rebound when reaching the demand zone, suggesting a similar potential response in the current context.
💎 Nonetheless, a lackluster reaction or inability to hold the demand zone could signal bearish trends, possibly leading to a breakdown of this area. Should this occur, AVAX's next directional move could be towards the Bullish OB area, marking a key area for future market movements.
💎 However, if AVAX struggles during the retesting phase at the support level, exhibiting signs of failure or breakdown, it may indicate a false breakout. This scenario could potentially lead AVAX to revisit the demand area around 31.3, a critical juncture for determining its future trajectory.
💎 Historically, AVAX has demonstrated a strong rebound when reaching the demand zone, suggesting a similar potential response in the current context.
💎 Nonetheless, a lackluster reaction or inability to hold the demand zone could signal bearish trends, possibly leading to a breakdown of this area. Should this occur, AVAX's next directional move could be towards the Bullish OB area, marking a key area for future market movements.
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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.
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
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.