AVAX/USDT has broken market structure to the upside by forming a confirmed higher high, indicating a potential bullish trend reversal. However, despite this structural shift, the price failed to secure a daily close above the key resistance level at $26.02, leaving the breakout unconfirmed for now.
Currently, the pair is trading marginally above an ascending trendline. Given the present market structure, the most probable scenario involves a liquidity sweep below the trendline — targeting stop-losses from early long positions — before establishing a clean higher low and initiating a strong bullish reversal.
The $22.40 level, which previously acted as resistance, is now serving as key support. As long as price remains above this level, the bullish bias remains intact. However, a temporary deviation below the trendline and a move toward the $19.47 support area would likely represent a classic liquidity grab — designed to shake out weak hands before a sharp move higher.
A confirmed daily close above $26.49 would significantly increase the probability of continued upside momentum, with the next major resistance zone lying between $30.60 and $32.87. This zone remains the primary upside target in the short- to mid-term.
Currently, the pair is trading marginally above an ascending trendline. Given the present market structure, the most probable scenario involves a liquidity sweep below the trendline — targeting stop-losses from early long positions — before establishing a clean higher low and initiating a strong bullish reversal.
The $22.40 level, which previously acted as resistance, is now serving as key support. As long as price remains above this level, the bullish bias remains intact. However, a temporary deviation below the trendline and a move toward the $19.47 support area would likely represent a classic liquidity grab — designed to shake out weak hands before a sharp move higher.
A confirmed daily close above $26.49 would significantly increase the probability of continued upside momentum, with the next major resistance zone lying between $30.60 and $32.87. This zone remains the primary upside target in the short- to mid-term.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.