$AVAX 🔥 🔥 BUILDING MOMENTUM 🔥 🔥
🔺 AVAX ($AVAX) Technical Analysis & Trading Strategy
Current Price: $20.95 USDT
24H Volume: $1.89 Million USDT
Trend: Downtrend Stabilizing
Market Cap Rank: Top 25
Use Case: L1 Blockchain – Smart Contracts, DeFi, and Subnets
---
📈 Chart Overview
🔹 Current Structure:
Descending Channel: AVAX has been in a short-term descending channel since the $24.00 rejection.
Reversal Signal: Price is approaching the lower trendline, with bullish divergence forming on RSI.
🔸 Key Support Levels:
$20.40 – Strong horizontal support, tested multiple times
$18.90 – Previous breakout zone, and Fib 0.786 support
🔸 Key Resistance Levels:
$22.30 – Mid-channel resistance
$24.00 – Psychological and structural resistance
$26.80 – Target if breakout succeeds
📊 Indicators:
RSI (14): 42 – Showing bullish divergence
MACD: Flattening, possible bullish crossover
200 EMA (4H): Acting as dynamic resistance near $22
Volume: Weak but showing accumulation spikes on dips
---
🧠 Trading Strategy
🔁 Reversal Swing Trade
Entry Zone: $20.40 – $21.00
Target 1: $22.30
Target 2: $24.00
Stop Loss: $19.75
Risk/Reward: 1:2.3+
🔓 Breakout Trade Setup
Breakout Level: $24.00
Confirmation: Break and retest with volume above $24.00
Target: $26.80
SL: $22.40
⚠️ Disclaimer
> This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risks. Always conduct your own research and consult a certified financial advisor before trading.
#BigTechStablecoin #Share_or_Quote_This_Post #like_share_follow