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ProR35

AVAX Macro Outlook

AVAXUSDT Perpetual Contract (BYBIT:AVAXUSDT.P)  
ProR35  
BYBIT:AVAXUSDT.P   AVAXUSDT Perpetual Contract
Trend Analysis Support and Resistance Wedge avax altcoin Bullish Patterns Bearish Patterns crypto Cryptocurrency LONG short
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trendanalysis supportandresistance wedgepattern avax altcoin bullish bearish crypto cryptocurrency long short
On the macro perspective, AVAX has broken out of the falling wedge and rallied quickly to the upside into a LTF ascending triangle. After breaking out of that and deviating above the 9 EMA in orange, this upper limit of the ascending triangle is being retested, should this level become support AVAX will look very bullish.

However, If BTC breaks down at key support alts could also suffer and AVAX would be one of those alts.

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