Coin name- #Avaxusdt
Signal type- Long
The AVAX chart shows a breakout attempt above a descending resistance line, followed by a pullback, indicating potential bullish continuation. Key support lies at $35, while resistance is near $38. RSI suggests oversold conditions, supporting a possible rebound. A sustained breakout above $38 could confirm bullish momentum toward higher targets.
The chart reflects Bitcoin's weekly timeframe with a rising wedge formation,
which is typically bearish, alongside a rejection from the weak high zone. The RSI
indicates overbought levels easing, and price approaches key support zones.
Despite recent bearish pressure, long-term bullish momentum may sustain above
the trendline and support levels.
The BTC Dominance chart shows a rejection from a key resistance level at 58.8%, forming a potential bearish divergence. A descending triangle hints at bearish continuation. However, long-term dominance remains near a multi-year high, indicating strength. Momentum indicators suggest consolidation or slight retracement before a decisive trend emerges.
The TOTAL3 chart shows a descending channel, indicating a bearish short-term trend. Price rejection near $1.13T resistance and lower highs confirm bearish sentiment. RSI near oversold levels signals potential for a relief bounce. Long-term bullish momentum remains valid if support at $900B holds, despite current bearish consolidation.
Entry Price- 37.14
T/P- 40
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