AVAXUSD

Chibuike_Odoh

ANALYSIS 🔎 - AVAXUSDT brokeout above the bullish flag resistance and had a retest. - Possible uptrend continuation. BUY ENTRY ⬆️ - Breakout above the first horizontal resistance level. TARGETS 🎯 - Second horizontal resistance level. - Third horizontal resistance level. SETUP INVALIDATION ❌ - Breakdown below the horizontal support level.

Chibuike_Odoh

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 ⬇️.

Chibuike_Odoh

AVAXUSDT brokedown below the trendline support. Price retested the flip trendline resistance + 0.5 fibonacci retracement level. Price action is printing a descending triangle pattern. Sell entry ⬇️ - breakdown below the descending triangle support. Target 🎯 - Support levels.

Chibuike_Odoh

AVAXUSDT brokeout above pennant resistance as expected from my previous analysis ✅

Chibuike_Odoh

AVAXUSDT is consolidating in a pennant chart pattern. Breakout is imminent. Possible price actions indicated.

Chibuike_Odoh

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.

Chibuike_Odoh

Breakout below the descending triangle support ⬇️