AVAX / TetherUSLong
AVAX/USDT WEEKLY CHART UPDATE !!
AVAX/USDT weekly chart shows a long-term bullish trade setup, indicating significant potential for price expansion.
AVAX/USDT is consolidating within a large symmetrical triangle. The upper trendline acts as resistance, while the lower trendline provides strong support.
The price is near the breakout point, indicating a potential resolution of the pattern.
The red moving average (likely the 50-week MA) is supporting the price, further strengthening the bullish outlook.
The large green arrow suggests a potential breakout towards $140–$160. This aligns with the technical measurement of the height of the triangle added to the breakout point.
Confirmation of the breakout will likely require increased trading volume and sustained momentum above the resistance line.
If the price fails to break out and drops below the lower trendline (around $25–$30), the bullish thesis will be invalidated.
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AVAX/USDT is consolidating within a large symmetrical triangle. The upper trendline acts as resistance, while the lower trendline provides strong support.
The price is near the breakout point, indicating a potential resolution of the pattern.
The red moving average (likely the 50-week MA) is supporting the price, further strengthening the bullish outlook.
The large green arrow suggests a potential breakout towards $140–$160. This aligns with the technical measurement of the height of the triangle added to the breakout point.
Confirmation of the breakout will likely require increased trading volume and sustained momentum above the resistance line.
If the price fails to break out and drops below the lower trendline (around $25–$30), the bullish thesis will be invalidated.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
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