$AVAX
🔵 1. Price reaction at the lower trendline (blue arrow)
AVAX has touched the ascending lower trendline that has been respected multiple times.
This area is a strong dynamic support.
The reaction here suggests buyers are still defending the structure.
This makes the current region a potential reversal zone.
🟠 2. Orange circle: Accumulation / decision zone
The price entered a wide accumulation zone where buyers and sellers are fighting.
Historically, AVAX tends to form rounded or W-shaped reversals in similar positions (as your yellow drawings show).
As long as the price stays above this lower trendline, the bullish scenario remains valid.
🟡 3. Yellow projection: A realistic bullish scenario
Your projected movement is technically sound:
A small consolidation here → a higher low formation → breakout attempt toward the falling upper trendline.
First move would likely target:
14.20 – 14.50
If this resistance breaks, AVAX can push toward:
15.50 – 16.00
And possibly 17.00+, depending on market conditions.
This move aligns perfectly with previous wave patterns you highlighted in yellow.
Key Levels to Monitor
Support levels
13.00 – 12.80 (current bounce zone)
12.50 (secondary support)
11.80 (major support if trendline fails)
Resistance levels
14.20
14.80 (major trendline resistance)
15.50
17.00 (extended target)$BTC
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