💲📈 As I mentioned in my quoted analysis, $AVAX received support from $43.60 levels, which is a lower support zone, as the TOTAL and BTC charts continued their falling structure and is currently trying to break the falling trend on the 4-hour chart. I think that AVAX will evolve into a bullish structure if it closes two 4-hour candles on a falling trend. The coming hours will be very important for our decision to enter the trade, it is useful to follow the chart!

🔺AVAX/USDT🔺

✔️ $AVAX has been showing a falling trend structure for a while after the rise it made in the past weeks and is looking for a new price range. When we examine the AVAX chart on the 4-hour time period, we observe that the price is trying to create a new range for itself and it seems that the price has found support at $46 levels.

✔️ The RSI indicator indicates to us that AVAX has entered the oversold zone on the 4-hour time frame and the falling trend may reverse soon. If $AVAX can find buyers in these regions, it will try to break the falling trend I showed in the chart. I think that in case of a trend break, the price will want to move towards the liquidity left above.

✔️ BTC and #Total2 charts will be a guide for us to predict price movements in the coming days. If these two charts continue their falling structure in recent days, the first support levels where AVAX will likely fall are shown on the chart.

❗️ What I write here is my own opinion and is not investment advice. #dyor