AVAXUSDT is attempting a breakout from the long-standing downward trendline after rebounding from the 17.62 support area. Price is consolidating just beneath the descending resistance, hinting at an imminent breakout toward the 21.30 target level. If bulls maintain pressure above the breakout zone, this move could invalidate the previous bearish momentum and initiate a mid-term bullish reversal.📈 Key Levels
- Buy zone: 17.60–18.00 (above rebound base and trendline test)
- Buy trigger: confirmed breakout above 18.50 with strong volume
- Target: 21.30 intermediate resistance zone
- Sell invalidation: break below 17.00 may reintroduce selling pressure
💡 Risks
- Failed breakout may trap buyers and push price back below 17.60
- Broader bearish structure still intact unless price clears 21.30
- Thin momentum could result in choppy price action before breakout
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.