Yello, Paradisers! Is #AVAX finally waking up after months of bearish slumber, or is this just another bull trap? After moving within a well-defined descending channel for weeks, we are now seeing the first real shift in structure: AVAXUSDT has just broken above its 12-hour EMA convincingly for the first time since November 2024. This development may be a strong early signal of a potential corrective move to the upside.
💎At the moment, #AVAXUSDT is testing a critical resistance at the $23.50 level, which lines up with the descending trendline that has capped price since December 2024. A breakout above this zone would significantly increase bullish momentum, with the next target likely at $27.35 — a key area of moderate resistance that could temporarily halt upward movement.
💎However, $27.35 is not expected to be an easy level to break. Sellers will likely defend this zone, potentially causing short-term volatility. But if bulls manage to flip it into support, the path opens toward the $31.20 to $34.00 region. This higher resistance area is even more significant as it aligns with the 50% Fibonacci retracement level — a major technical barrier where many traders will be looking to take profits or fade the rally.
💎On the downside, AVAX has established a strong support range between $19.50 and $18.80. If this short-term support fails, we then look to the weekly support zone between $16.20 and $15.00, which continues to serve as a long-term base structure. As long as AVAX holds above this broader support, the larger bullish outlook remains intact.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎At the moment, #AVAXUSDT is testing a critical resistance at the $23.50 level, which lines up with the descending trendline that has capped price since December 2024. A breakout above this zone would significantly increase bullish momentum, with the next target likely at $27.35 — a key area of moderate resistance that could temporarily halt upward movement.
💎However, $27.35 is not expected to be an easy level to break. Sellers will likely defend this zone, potentially causing short-term volatility. But if bulls manage to flip it into support, the path opens toward the $31.20 to $34.00 region. This higher resistance area is even more significant as it aligns with the 50% Fibonacci retracement level — a major technical barrier where many traders will be looking to take profits or fade the rally.
💎On the downside, AVAX has established a strong support range between $19.50 and $18.80. If this short-term support fails, we then look to the weekly support zone between $16.20 and $15.00, which continues to serve as a long-term base structure. As long as AVAX holds above this broader support, the larger bullish outlook remains intact.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.