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bum 💥💥💥💥

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AVAX is consolidating near the recent 150% rally's high. The price is trading inside December 12th's bullish daily gap, which could offer support. However, Sunday's low at $48.099 will likely become a swing low on Tuesday, attracting bulls' stops. The price might attack these stops as traders "sell the news", testing more substantial support in December 11th's bullish daily gap. A crash through this support may attack bulls' stops under December 9th's swing low at $40.451 and November 24th and 26th's swing lows near $38.370. Under these lows, November 18th's bullish weekly gap at $38.510 confluences with November 22nd's bullish daily gap, creating possible support. If the price rallies from support, bears will create resistance at $53.169, December 12th's bearish daily rejection, to defend their stops above December 4th and December 12th's relatively equal daily swing highs near $55.813. A push through these highs might continue to sweep bears' stops above March 26th's swing high at $59.290. This high is inside the lower half of March 18th's wick, near where bears rejected bulls during the week of March 11th at $58.370. This confluence may create higher timeframe resistance.

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