AVAXUSDT is showing rejection from the confluence of the downward trendline and the $20 psychological zone, confirming sellers' control in the short term. The structure remains within a bearish channel with a lower-high formation maintaining downside pressure. Price may retest $20 before extending losses toward $17.5 if momentum weakens further. This retracement aligns with the broader descending structure visible since mid-October, keeping bias bearish for now.⚠️ Risks:
- Break above $20.5 could invalidate the current bearish setup.
- Strong BTC recovery may support short-term upside correction.
- Lower volatility could delay breakdown confirmation below $18.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.