AVAX is trading below the long-term descending resistance line on the weekly chart.
The price is moving within an ascending channel, rebounding upward from a strong demand zone.
This structure signals a potential trend reversal.
If the critical downward trend breakout occurs, a new upward wave will begin in the market structure. The area to watch: weekly close above the resistance line.
Expectations are high, confirmation is required.
The price is moving within an ascending channel, rebounding upward from a strong demand zone.
This structure signals a potential trend reversal.
If the critical downward trend breakout occurs, a new upward wave will begin in the market structure. The area to watch: weekly close above the resistance line.
Expectations are high, confirmation is required.
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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.
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.