AVAX Review (4 Hours) 📉

The price is currently trading at around $20.40. The chart shows that the financial instrument is trading in a demand zone, from which a previous upward wave started. If buyers maintain the current area, an upward continuation is likely.

⏫ In the case of an upward movement, the first target will be the level of $21.71, which is the level that saw a previous pullback. If the price can hold above this level, the next resistance level will be $22.49. At that point, a pullback is likely, but if the movement continues, it will open the way for a strong supply zone between $23.50 and $24.50. Then, we can expect the final liquidation at the area of $26.00, where there is a strong peak.

⏬ Alternatively, if the price fails to hold and begins to decline, the main support level will be at the area of $20.00. Breaking this level will open the way towards the area of $18.00-18.50, where there is a weak minimum - which is a potential target for liquidity exhaustion. Here, a new upward surge may begin if the market maker needs support.

Currently, we are still in the middle of the range. The key is the reaction at the level of $21.71 and holding at $20.00. Any scenario within these levels is just a game of accumulation, and the market will wait for a moment for a sharp movement.