Hello everyone
With the spike in the price from couple of days ago on AVAXUSDT, we may have a bounce from the previous bear trend line.this setup also created, a double bottom, a divergence in RSI and the ABC pattern.With all that said , the price is still in a bear channel and a breakout is needed.
The resistance levels are 60$, 65$ and the upper line of our bear channel, and for the support levels we have 55.50$,and 52.5$.
With the spike in the price from couple of days ago on AVAXUSDT, we may have a bounce from the previous bear trend line.this setup also created, a double bottom, a divergence in RSI and the ABC pattern.With all that said , the price is still in a bear channel and a breakout is needed.
The resistance levels are 60$, 65$ and the upper line of our bear channel, and for the support levels we have 55.50$,and 52.5$.