📊 Technical Analysis for Pair $AVAX /USDT
Overall Indicator: Bullish – Most indicators give a buy/strong buy signal, with some divergence in the short term.
Moving Averages:
Strong Buy Signal → 12 Buy, 2 Neutral, 1 Sell
Price above the key averages; stable above the 100-day average (Bullish Signal)
Possibility of forming a "Golden Cross" (50 SMA > 200 SMA)
Indicators (Oscillators):
Dominant Buy Signals (RSI, MACD, Momentum in an upward trend)
Relative Strength Index (RSI) is on an upward curve → possibility of continuing the upward trend
Support and Resistance Levels:
Support: $23.50, $22.87, $22.60
Resistance: $26.26, $26.59, $27.97
Trend:
Current price ~ $24.70 (+9.44% weekly)
A long-term downward trend line has been broken
Monitoring area $23.60 (Bearish Scenario) vs. $27.50 (Bullish Scenario)
⚠️ This is not financial advice – do your own research before making any trading decisions.
