Avalanche (AVAX) is displaying a classic head and shoulders pattern on its daily chart. After breaking out above the neckline at $23.46, AVAX has shown strong momentum, and a decisive push and hold above $27 would validate the reversal and open the path to the next major resistance zone between $35 and $36. This zone aligns with the technical price target derived from the pattern’s height, making $35.4 a realistic objective if bullish momentum persists and volume supports the breakout. The right shoulder in a head and shoulders pattern provides a logical reference for risk management at $18.4.
This information is for educational and informational purposes only and does not constitute financial advice. Always do your own research and consult with a qualified financial professional before making any investment decisions.
This information is for educational and informational purposes only and does not constitute financial advice. Always do your own research and consult with a qualified financial professional before making any investment decisions.
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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.