Technical analysis suggests that AVAX is forming an ascending triangle pattern, characterized by a horizontal resistance around $18 and a rising support trendline. This pattern often indicates a potential bullish continuation. A breakout above the $18 resistance could lead to a 10% upswing, targeting around $19.60.

Given the current price and technical indicators, entering fresh long positions around the $18 to $19 range aligns with the support levels identified in the ascending triangle pattern. This strategy could position you well for potential upward movements.

However, it's essential to remain cautious. A breakdown below the rising support trendline would invalidate this bullish outlook and might lead to further declines. Always consider implementing risk management strategies, such as setting stop-loss orders, to protect your investments.

*Please note that cryptocurrency markets are highly volatile. This information is for educational purposes only and should not be considered financial advice.*#AVAX’ #trendline #TechnicalAnalysiss