AVAX/USDT – 4H Technical Analysis

Current Price: $21.13

24h Range: $20.57 – $21.73

Trend: Bullish momentum slowing

🔍 Key Indicators:

MA(7) (Yellow): $21.20 – price is below short-term MA, indicating potential short-term weakness.

MA(25) (Pink): $22.37 – still above current price, suggesting mid-term resistance.

MA(99) (Purple): $24.11 – long-term trend still bearish until broken.

🧠 Observations:

Strong uptrend from $10.6 (bottom) to recent high at $21.73.

Current candle testing short-term support on MA(7) after rejection from $21.73.

Some selling pressure seen with small red candles and lower highs.

📉 Possible Scenarios:

🔺 Bullish:

Breakout above $21.73 could open path to $22.50 – $23.00 (near MA(25)).

Maintain support above $21.00 for continuation.

🔻 Bearish:

Breakdown below $20.50 (recent low) may trigger a pullback to $19.80 – $19.50.

✅ Trade Setup:

Entry: $21.15 (current level, aggressive) or wait for breakout $21.75 (safer)

Targets:

TP1: $22.00

TP2: $22.50

Stop-Loss: $20.50

Let me know if you want support/resistance zones or RSI/MACD analysis included.

#write2earnonbinancesquare