AVAX is pushing toward the upper boundary of its rising structure after bouncing strongly from the demand zone. The series of higher lows suggests buyers are gradually gaining control.
Momentum has shifted bullish in the short term, but price is now approaching a key resistance trendline that has capped previous rallies.
Holding above the mid range liquidity area keeps the structure constructive. A breakout above the trendline would strengthen bullish momentum, while rejection could lead to another rotation back toward support.
Momentum has shifted bullish in the short term, but price is now approaching a key resistance trendline that has capped previous rallies.
Holding above the mid range liquidity area keeps the structure constructive. A breakout above the trendline would strengthen bullish momentum, while rejection could lead to another rotation back toward support.
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Check me out btdcrypto.com/links/
Related publications
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.
