AVAX has been forming higher lows while capping out at diagonal resistance, tightening into a symmetrical triangle. Stochastic RSI is nearing the top, suggesting an explosive move could be near.
🟢 Scenario 1 – Bullish:
Breakout above the triangle + 50 EMA ($19.30) could push price toward $22–$24. Look for strong volume confirmation.
🔴 Scenario 2 – Bearish:
Failure to break out may lead to a rejection and revisit of major support around $15.50. Watch for loss of ascending structure as a warning sign.
This post is not financial advice.
🟢 Scenario 1 – Bullish:
Breakout above the triangle + 50 EMA ($19.30) could push price toward $22–$24. Look for strong volume confirmation.
🔴 Scenario 2 – Bearish:
Failure to break out may lead to a rejection and revisit of major support around $15.50. Watch for loss of ascending structure as a warning sign.
This post is not financial advice.
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Try our strategy optimizer at quanttradingpro.com
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
Developing free strategies weekly stay tuned...
Join our discord discord.gg/2systG9frc
We provide education & tools.
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.