$AVAX

It has been trading above the moving averages, indicating that the bulls remain in command. 

The rising 20-day EMA ($37.93) and the RSI in the overbought zone improve the prospects of a rally to $48. The sellers will again attempt to halt the up-move at $48, but the level is likely to be crossed. The AVAX/USDT pair could then march towards $60.

This bullish view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA. This could trap the aggressive bulls, pulling the pair towards the 50-day SMA ($31.09).