$AVAX USDT : The Calm Before the Squeeze Storm

$AVAX is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

There is a key support zone in green at 8.67, and the price has bounced off this zone several times, making it a strong support level.

$AVAX is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 8.82

Target 1: 8.92
Target 2: 9.09
Target 3: 9.28

Stop Loss: At the resistance zone in green

Remember this simple rule: Money Management.

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AVAX
AVAXUSDT
10.1
+0.68%