📊 $AVAX — Review
On the 4H chart, #AVAX has formed a weak local bottom (Weak Low) around $18.34. The price is holding at the lower border of the demand zone, and is likely preparing for the final stops below the $18.00 level before a potential reversal.
🟢 #bullish scenario:
If liquidity is captured below $18.00 and a quick recovery occurs, an upward momentum may develop. The first targets are the $21.50–$22.50 zone, with the potential for $24.50 and even $26.00 (where the Strong High is located).
🔴 #BEARISH📉 scenario:
If the price fails to hold above $19.50 and does not show strength in the supply zones, the growth may be false. In this case, the market may continue to decline towards $17.00 and further to $16.70.
The market remains in the accumulation phase. With AVAX trading at a key support level, we are watching for a reaction at $18.00–$18.50. Any upward momentum could be the start of a reversal, especially if there is a breakdown in the 4H structure.
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