Chart: D1 Frame | Indicators: Ichimoku Cloud, Bollinger Bands, Stochastic RSI, MACD
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1. Overall trend:
AVAX is moving sideways in the Ichimoku cloud - a sign of an unclear market trend. However, the future Kumo is starting to slope slightly upwards, indicating expectations for a breakout in the near future if the market holds support.
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2. Detailed Ichimoku analysis:
• The price is closely following the cloud bottom, reacting quite well.
• Tenkan < Kijun → No strong buy signal yet, but Chikou Span is preparing to cross above the price, if successful it will confirm the upward momentum.
• Area to watch: Breaking the upper cloud (20.5–21) will trigger a medium-term uptrend.
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3. Bollinger Bands:
The Bollinger Bands are narrowing significantly - a typical sign before strong volatility. The price has just bounced from the lower band, indicating that buyers are still protecting the bottom area.
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4. Stochastic RSI:
Stoch RSI has fallen out of the overbought zone, %K crosses down %D - warning of a short-term correction. If this index rebounds early from the 20 zone, it will be an attractive pullback to rejoin the trend.
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5. MACD:
MACD has just crossed up and the histogram has shifted to the positive zone. However, this signal needs to be confirmed by breaking the Ichimoku cloud - otherwise, the risk of an early reversal still exists.
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Conclusion & Reference Strategy:
• Short-term support area: 19.5 – 20.0
• Strong resistance: 21.5 – 22.0
• If the price maintains above the 20 area and breaks out of the Ichimoku cloud, AVAX could head towards the 24–26 area.
• Conversely, breaking below the 19.2 area will negate the upward structure.
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Not investment advice. Please manage your risks and take responsibility for your trading orders.
