AVAXUSDT is currently in a local range between the levels of 26.30 and 19.59, but in the middle of the range passes the upper boundary of the upward price channel. which the price is testing by breaking it down.
On the chart I showed that the price on the retest tried to renew the local high, but the limit zone prevented this, and then the price started following the bears and breaks the channel resistance, thus going into the short zone.
I assume that bearish pressure on the market continues (seen in the cryptocurrency market). I will wait for the price to fix under 22.5 level and decrease. Short-term target for the nearest future is the support at 19.59