AVAX USDT Daily: Price Nearing Key Resistance Zone
AVAXUSDT has demonstrated a strong upward trend, breaking through a significant, long-term resistance level that has been in place since early in the year. This breakout is a bullish signal, and it's exciting to see the momentum it's carried.
However, the price is now approaching a new, crucial resistance zone between $34.56 and $38.16. This area previously acted as strong support before a significant downtrend. Based on my analysis, I anticipate a potential rejection from this zone, which could lead to a correction toward the previous resistance-turned-support area around $23.06 to $25.78.
The short-term outlook suggests a possible pullback from the current levels, but the overall market structure looks promising as long as the price holds above the recently broken resistance. I'll be watching for a clear reaction in this resistance zone to confirm the potential move.
What do you think? Drop your thoughts and analysis in the comments below!
AVAXUSDT has demonstrated a strong upward trend, breaking through a significant, long-term resistance level that has been in place since early in the year. This breakout is a bullish signal, and it's exciting to see the momentum it's carried.However, the price is now approaching a new, crucial resistance zone between $34.56 and $38.16. This area previously acted as strong support before a significant downtrend. Based on my analysis, I anticipate a potential rejection from this zone, which could lead to a correction toward the previous resistance-turned-support area around $23.06 to $25.78.
The short-term outlook suggests a possible pullback from the current levels, but the overall market structure looks promising as long as the price holds above the recently broken resistance. I'll be watching for a clear reaction in this resistance zone to confirm the potential move.
What do you think? Drop your thoughts and analysis in the comments below!
액티브 트레이드
As expected, we saw a price reaction to the specified box in this area. However, the daily timeframe is still bullish, and we haven't received confirmation on the 4-hour timeframe. But on the lower timeframes, I've opened a small, short-term position. for swing trade we need more confirmations.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.