COIN NAME- #AVAX✅
SIGNAL TYPE- LONG
This AVAX/USDT chart indicates a potential bullish breakout. The price is forming a rising wedge pattern and is currently consolidating near the support level. The EMA Ribbon is narrowing, suggesting reduced volatility and a potential for a strong move.
A breakout above the wedge could lead to a price surge, with a projected target of $73.82, representing a 102% upside from the current price of $36.56. The RSI is at 43.69, showing neutral momentum but nearing oversold conditions, which could trigger buying interest.
If the price breaks out upwards, this would confirm a bullish trend. Otherwise, failure to hold support may result in downside risks.
BTC Dominance has been ejected from the resistance line. Also, close the 4-hour candle below it. We are insanely insanely bullish on Altcoins now.
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Trade Details:
Entry: Around 36.56 ( Join my Binance live for premium crypto signals )
TP: 74
SL: hold
$AVAX
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