$AVAX is breaking out of the dip and starting to form a potential technical bottom: opportunity on the radar ๐งญ๐ฅ
A technical bottom may be forming, bringing interesting opportunities on the chart.
๐ RSI is extremely low on the daily, typical of capitulation;
๐ Shorter timeframes (4h, 1h, and 15min) show stabilization and a loss of selling pressure;
๐ Moving averages are flattening, indicating the end of selling pressure;
๐งฑ Price is consolidating after a significant drop, a classic pattern for bottom construction.
โ ๏ธ This is not a buy or sell recommendation: just a technical read of the current scenario, which looks promising for attentive traders.
#AVAX #CriptoAnalise #PriceAction
A technical bottom may be forming, bringing interesting opportunities on the chart.
๐ RSI is extremely low on the daily, typical of capitulation;
๐ Shorter timeframes (4h, 1h, and 15min) show stabilization and a loss of selling pressure;
๐ Moving averages are flattening, indicating the end of selling pressure;
๐งฑ Price is consolidating after a significant drop, a classic pattern for bottom construction.
โ ๏ธ This is not a buy or sell recommendation: just a technical read of the current scenario, which looks promising for attentive traders.
#AVAX #CriptoAnalise #PriceAction