AVAX/USDT caught our attentions here with both the 100 and 200 Exponential Moving Averages (EMAs) breakout, signalling a potential bullish momentum in the market. Notably, the price action has managed a clean break from the 100EMA, and it's now testing the zones above the 200EMA with a minor pullback as a re-test.
Here's what's happening:
The way AVAX went past these significant EMAs suggests a strong buyer confidence, potentially setting the stage for a continued uptrend.
Attention is now drawn to the resistance levels at $16.05 and $17.55, which represent potential gains of 11.96% and 18.99%, respectively, from the current price point.
Investor sentiment appears to be high, and if the AVAX/USDT pair maintains its foothold above these EMAs, we may see an extended rally towards these targets.
But remember, a failure to maintain current levels could lead to a correctional movement and a potential bearish scenario.
Swallow Team
Here's what's happening:
The way AVAX went past these significant EMAs suggests a strong buyer confidence, potentially setting the stage for a continued uptrend.
Attention is now drawn to the resistance levels at $16.05 and $17.55, which represent potential gains of 11.96% and 18.99%, respectively, from the current price point.
Investor sentiment appears to be high, and if the AVAX/USDT pair maintains its foothold above these EMAs, we may see an extended rally towards these targets.
But remember, a failure to maintain current levels could lead to a correctional movement and a potential bearish scenario.
Swallow Team
Trade closed: target reached
Target got smashed here completely!
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.