🔥AVAX/USDT: Is the market ready for a new impulse?
AVAX demonstrates confident dynamics on the 1-hour timeframe. The price of 13.60 USDT (+2.03%) is held above key levels, creating prerequisites for continued growth.
🚨Indicators (briefly):
EMA(21) 13.48 — support below the price.
EMA(50) 13.65 — local resistance.
RSI(6) 63 — in the overheating zone, but without extremes.
MACD 0.08 — weak bullish signal.
Stoch 92 — overbought, slight correction possible.
💰Trading plan (main scenario: long)
As long as buyers maintain initiative, the market may move higher upon breaking 13.65.
🎯Targets:
14.00 — +2.95%
14.30 — +5.15%
14.50 — +6.61%
➡️Entry:
Conservatively: after breaking 13.65
Aggressively: from the current 13.60
⛔️Stop-loss:
12.89 USDT — below the local support zone.
📌Conclusion: AVAX stands on the brink of a possible impulse, but overbought conditions according to Stoch require caution. Monitor levels and don't forget about stop-losses.
Spot trading 👉$AVAX
Futures 👇
