The chart shows AVAXUSDT, 3D timeframe, and the current situation signals the beginning of a potential medium-term upward reversal — or the formation of a "dead cat" if the level $21 is not held.
📊 Technical picture:
Current price: $20.90
RSI (14): 46.53 — accumulation zone, neutral, potential for upward movement
MACD: signal on upward crossover — emergence of bullish momentum
Parabolic SAR: below price — bullish signal
Ichimoku: price is approaching the cloud; Kumo shadow is dense and wide — momentum is needed for a breakout
Bollinger: candle broke the middle band upwards — start of trend movement
Volume Profile: volume-supported reversal from the zone $18.9
📈 Bullish scenario:
If the price holds above $18.9 and breaks the Ichimoku cloud (starting from ~$22.5–$23.5):
🔼 TP1: $26.67 — nearest resistance (top of the Kumo cloud)
🔼 TP2: $31.82 — important volume fixation level
🔼 TP3: $36.63
🔼 TP4: $48.03
🔼 TP5 (mega-target): $55.89
Growth potential: +196.5% — this is the development of a full-fledged uptrend with a breakout of all clouds and moving above Q1 2024 highs
📉 Bearish scenario:
If the price does not hold the zone $18.91 and goes below $18:
🔽 TP1: $14.65 — nearest strong support
🔽 Potential decline: −22.28%
📌 Support/resistance levels:
Level Type Value
$18.91 Key support Local low + volume
$26.67 Resistance Top of the Ichimoku cloud
$31.82 Volume zone Potential retest
$36.63 Post-pump maximum
$14.65 Last bastion Key support on failure
🔍 Scenario summary:
Scenario Entry Conditions Potential
Long Hold $19 and break $22.5 +27% → +196%
Short Loss of $18.9 and going below $18 −22%
📌 Summary:
Currently #AVAX is forming potential for medium-term long, but the Ichimoku cloud zone creates an obstacle. Confirmation of growth — breakout of the cloud with volume. Rejection — test $18.9 and possible pullback to $14.6.$ $AVAX
✔️ If this strategy has been useful to you — I would appreciate your support and feedback!
