#AVAX Technical Analysis in Daily Timeframe
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Now, let’s dive into this chart analysis:
AVAX is at the tip of the resistance trendline and the 50EMA. A breakout above the current resistance at $29.3 will possibly establish a bullish trend for AVAX. On the other hand, a rejection can be considered a good buyback opportunity in the range of $24.32 to $25.88.
Key Observations:
- Primary Resistance: $29.3.
- Target Range: $41, $50, $58, $65.
- Support: $24.32 to $25.88.
Conclusion: Wait for the daily close to confirm a breakout or rejection pattern.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
AVAX is at the tip of the resistance trendline and the 50EMA. A breakout above the current resistance at $29.3 will possibly establish a bullish trend for AVAX. On the other hand, a rejection can be considered a good buyback opportunity in the range of $24.32 to $25.88.Key Observations:
- Primary Resistance: $29.3.
- Target Range: $41, $50, $58, $65.
- Support: $24.32 to $25.88.
Conclusion: Wait for the daily close to confirm a breakout or rejection pattern.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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