๐ $AVAX /USDT โ Pullback or Breakout Brewing๐ค๐๐๐
Current Price: $18.04
๐ Multi-Timeframe Technical Overview
๐ข 1H Chart Insights๐
$AVAX Price is in a short-term bullish structure, forming higher highs & higher lows.
EMA Alignment: Bullish (20 EMA > 50 > 100 > 200)
RSI: 61.42 โ bullish momentum, slightly cooling off
Key Support: $17.93 (20 EMA) โ strong base
Key Resistance: $18.20 โ needs breakout confirmation
๐ Strategy:๐ฅ๐
Buy on retest of $17.90โ$18.00 โ Target: $18.30โ$18.50
SL below $17.65
๐ Trade Duration: Short-term (2โ8 hours)
๐ด 1D Chart Outlook๐
$AVAX Price is still below major moving averages (21 EMA at $18.51)
Forming a potential bottom after extended downtrend
RSI: 43.65 โ momentum building, but still under 50
Needs strong daily close above $18.51 for trend shift
โ ๏ธ Macro Resistance Levels:
$18.51 (21 EMA)
$19.84 (50 EMA)
$21.27 (100 EMA)
๐ Summary:๐งโ๐ซ๐
Short-term trend: โ Bullish
Long-term trend: โ ๏ธ Still under pressure
Confirmation Level: $18.51+
Caution if breakdown below $17.65
๐ง โMarkets punish impatience. React to structure, not emotions.โ
โ ๏ธ Not financial advice. Always do your own research before trading.
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