The AVAXUSDT weekly chart showcases a textbook cup and handle pattern, signaling strong bullish momentum. RSI is holding above 56, confirming strength, while the stochastic oscillator indicates a bullish crossover. The breakout above $103.21 sets the next target at $417.86. The EMA ribbon supports upward movement with sustained volume. This formation projects significant growth potential, reinforcing a long-term bullish outlook for AVAXUSDT.
TOTAL3 and AVAX/USDT: Signals for a Market Rally
The TOTAL3 chart shows a bullish breakout from a bull flag with rising RSI and stochastic momentum targeting $1.53T. Simultaneously, AVAX/USDT's cup-and-handle pattern confirms a potential breakout with strong RSI and stochastic, aiming for $417.86. If TOTAL3 pumps, market-wide altcoin rallies are likely, boosting AVAX for a significant upward move.
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BTC Dominance (BTC.D) is breaking down from a rising wedge with bearish RSI and stochastic indicators, targeting 43-45%. Simultaneously, AVAX/USDT displays a bullish cup-and-handle breakout with RSI strength and stochastic recovery, aiming for a $417.86 target. If BTC.D drops, market-wide altcoin pumps are likely, boosting AVAX.
The AVAX/USDT liquidation heatmap reveals short-term bearish pressure but bullish accumulation zones at lower levels. Combined with broader market dynamics, AVAX appears bearish short-term but strongly bullish for the longer timeframe.
Trade Details:
Entry: Around 34.36 ( Join my Binance live for premium crypto signals )
1st Tp: 103.21
2nd Tp: 417.86
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