AVAXUSDT: Are We on the Verge of a Major Breakout or Breakdown?

9 авг.Yello, Paradisers! The #AVAXUSDT pair has been setting up an intriguing pattern that demands your attention. But the real question is: Will it explode higher, or are we in for a sharp decline? Let’s dive into the details.

💎#AVAXUSDT has been forming an ascending triangle, a classic bullish pattern, with multiple taps on both the support and resistance levels. This suggests that a breakout could be on the horizon, but it’s not all clear skies.

💎The pair has been respecting its weekly demand zone, with a strong buying interest around the $20.90 level. This level has been a key area of support, and as long as the price stays above this zone, the bulls are in control.

💎The ascending triangle's support aligns with this demand zone, increasing the probability of a bounce if the price revisits this level.

💎Below the $20.90 zone, there’s a strong support at $16.18. If the ascending triangle’s support fails, the price could quickly drop to this level.

💎On the upside, AVAXUSDT faces minor resistance at $24.21. If bulls can push through this level, the next major resistance zone lies between $26.69 and $28.64.

💎However, a critical point to watch is the $16.18 support. A candle close below this level would invalidate the bullish trend and could signal a much deeper correction.

So, what's next? If the bulls maintain their grip on the market, we could see AVAXUSDT challenge higher levels. But stay cautious—any sign of weakness could lead to a sharp pullback.

Remember, Paradisers, in these volatile times, discipline and patience are your best allies. The market can be unpredictable, but by sticking to your strategy and managing your risks, you’ll stay ahead of the curve. Keep a close eye on these key levels and trade smart!

MyCryptoParadise
iFeel the success🌴

23 авг.

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BOOM! #AVAXUSDT has achieved just as we predicted. Printed 27.90%