$AVAX
/USDT Technical Analysis & Trade Signal
š„šš
Trade Momentum: Bullish (+1.65% up in 24h)
The price shows upward momentum, supported by strong buying interest near $35.50 (24h low). If momentum sustains above key resistance at $37.93, further upside is expected.
Key Indicators:
RSI: Trending in bullish territory (>60), indicating strength.
Moving Averages: Price trading above 50-day and 200-day MA, confirming an uptrend.
Volume: High buying volume (69.79M USDT), signaling accumulation.
Trade Signal:
Entry: $37.50-$37.90 (on breakout or pullback)
Targets šÆ:
1. Target 1: $39.50 (Short-term)
2. Target 2: $41.00 (Medium-term)
3. Target 3: $43.00 (Long-term)
Stop Loss:
$36.00 (Below key support at $35.50)
Monitor trade volume and market sentiment closely. Happy trading!