AVAX has been grinding down inside a descending triangle, pressing into a major support zone that’s already seen multiple reactions.
📉 Price action is currently wedged between:
Strong horizontal demand (white box)
Well-defined trendline resistance (descending white line)
Today’s wick below support was aggressively bought up — but until we get a clean break from this squeeze, momentum remains neutral at best.
🔍 What We’re Watching:
Support holding = possible spring and breakout setup
Rejection from trendline = bearish continuation structure
Stoch RSI reset = momentum is primed for a move in either direction
This is a textbook example of compression → expansion. Break + retest setups will be key
📉 Price action is currently wedged between:
Strong horizontal demand (white box)
Well-defined trendline resistance (descending white line)
Today’s wick below support was aggressively bought up — but until we get a clean break from this squeeze, momentum remains neutral at best.
🔍 What We’re Watching:
Support holding = possible spring and breakout setup
Rejection from trendline = bearish continuation structure
Stoch RSI reset = momentum is primed for a move in either direction
This is a textbook example of compression → expansion. Break + retest setups will be key
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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.
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.