Avax Coin Analysis
#AVAX 18% ✅
Taking strength from the support zone we specified, it made the upward movement towards our target.
As long as it stays above $17.69, it can rise, but the upside probability is weakened by the sideways movement of BTC.
As long as the $19.68 level is not exceeded, the downtrend can continue up to the $16 levels. The bearish zone we expect is the $16 level.
Not Investment Advice.
Taking strength from the support zone we specified, it made the upward movement towards our target.
As long as it stays above $17.69, it can rise, but the upside probability is weakened by the sideways movement of BTC.
As long as the $19.68 level is not exceeded, the downtrend can continue up to the $16 levels. The bearish zone we expect is the $16 level.
Not Investment Advice.
With the news of Amazon's NFT, the rise came with the perception.
If Avax cannot close the daily candle above $21.34, it can start the downtrend from this region and experience a decrease to $17.70 in the first place.
Therefore, it is necessary to be careful for the next 2-3 days.
Candle closures above $21.34 continue the upward trend up to $23.30 levels.