$AVAX

📈 1. Technical analysis

a) Chart pattern

An upward breakout from an ascending channel or consolidation in high ranges is observed. The price surpassed resistances at 1.1575–1.1680, and remains close to recent highs (1.1745) . This confirms buying strength.

b) Key indicators (Investing.com)

• Moving average:

• MA5/10: slightly bearish intraday

• MA20/50/100/200: bullish, supporting larger trends  

• Oscillators:

• RSI(14) ~61 → bullish zone without extreme overbought 

• Positive MACD, ADX ~44 → strong trend 

• Stochastic around 59 → sustained momentum

c) Supports and resistances

• Supports: 1.1600–1.1610 (pivot and breakout zone), then 1.1550

• Resistances: 1.1745 (recent high), then 1.1800 

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🌍 2. Fundamental analysis

• Weakened dollar: sustained declines due to doubts about the Fed's independence, expectations of cuts from September, and political pressure following Trump’s statements .

• Geopolitics and commodities: easing in the Middle East and falling oil prices support the euro and reduce inflationary pressure.

• Macroeuropean: increase in the German Ifo indicator, strong PMI data in the eurozone, and expectation of a final rate cut from the ECB in September .

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🗞️ 3. Key news in the coming weeks

• Powell's speeches and employment data in the U.S. may cause intraday volatility.

• ECB decisions and German consumer data (GfK) at the end of the week could influence.

• Geopolitical events (peace in the Middle East) and energy prices may continue to support current levels.

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🎯 4. Entry strategies

A) Confirmation of continued bullish trend

• Buy on daily close >1.1725–1.1745 with volume and sustained RSI.

• SL at 1.1660 (below last pivot).

• TP1: 1.1800 → TP2: 1.1850–1.1880 (breakout projection).