AVAX is showing signs of a potential reversal after forming a double bottom near the $17 zone. It’s currently testing a key resistance trendline along with a minor horizontal resistance around $19.50–$20.50.A successful breakout and close above this zone could trigger bullish momentum toward $22+. However, rejection here may lead to another dip back toward support.
Price action is tightening, so a decisive move is likely soon.
DYOR, NFA
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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.