- AVAXUSDT brokeout above the bullish flag resistance and had a retest.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the first horizontal resistance level.
- Second horizontal resistance level.
- Third horizontal resistance level.
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level.
AVAXUSDT is printing a descending channel on the 4H timeframe.
Price is testing the channel resistance.
We could see a breakout above the channel resistance ⬆️ or rejection of the channel resistance ⬇️.
AVAXUSDT is printing a descending triangle chart pattern.
We could see a breakout above the inclined resistance ⬆️ or a breakdown below the horizontal support ⬇️.
RSI pattern breakout could be a confirmation.