$AVAX
I disappear during the rise and stay during the decline and negativity
I rely on the chart and analysis and do not pay attention to the negatives
Greetings ๐ง๐ปโโ๏ธ๐
Technical analysis of the AVAX/USDT chart
โข Technical model: The chart shows the Cup and Handle pattern, which is a bullish continuation pattern that enhances the possibility of rising.
Model details:
1. Cup:
โข It started from the bottom of 8.61 to the top of 65.39.
โข It shows a gradual price recovery with a curved bottom representing the cup pattern.
2. Handle:
โข The last correction formed a slight sideways/downward movement after the strong rise, which forms the handle of the pattern.
Important levels:
โข Current resistance: at 47.41, and if it is broken steadily, it will confirm the completion of the pattern.
โข Basic support: at the 26.59 level in the event of a correction before the breakout.
Expectation:
โข If the resistance 47.41 is broken with high trading volume, the next target will be 65.39 (previous high), with the possibility of recording new higher highs.
#sara_66696
Advice: Follow the resistance level carefully, as stability above it will push the positive momentum to complete the upward path. ๏ฟผ