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Avalanche(AVAX): Waiting For Breakdown!

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AVAXUSDT Perpetual Contract (BYBIT:AVAXUSDT.P)  
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BYBIT:AVAXUSDT.P   AVAXUSDT Perpetual Contract
Trend Analysis Technical Indicators Chart Patterns BTC Bitcoin (Cryptocurrency) crypto emacrossover Relative Strength Index (RSI) bollingerbandstrategy support Support and Resistance
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trendanalysis indicator chartpattern btc bitcoin crypto emacrossover relativestrengthindex bollingerbandstrategy support supportandresistance
We are monitoring AVAX coin here after seeing a nice rejection take place.

Long story short, we are looking for a breakdown of that 100EMA zone, which is also acting as a smaller support zone for now.

Upon breaking this zone, we might see a nice fall of almost 35% take place, so definitely keep an eye on this one!

Swallow Team
Comment:
snapshot
Avax has reached a point of turning where it is pushing for a potential breakout of that upper resistance. Now you have to monitor that daily candle to see where and how it will close.
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