The AVAX chart currently exhibits a descending triangle pattern, a structure typically associated with short-term bearish sentiment. However, a decisive breakout above the resistance level could negate this outlook and shift the narrative to a bullish bias. The RSI remains neutral, reflecting a phase of consolidation, while the stochastic oscillator trends toward oversold territory, hinting at the possibility of emerging upward momentum.
Key support levels are holding firm, suggesting that while AVAX may face short-term bearish pressure, its long-term outlook remains bullish. The volume profile indicates a critical breakout zone, which aligns with the potential for a bullish continuation pattern. Traders are advised to exercise patience, as confirmation of a breakout could solidify the prevailing long-term bullish trend.
The TOTAL3 chart highlights a bull flag, a pattern signaling potential bullish continuation. RSI shows neutrality, indicating room for upward movement, while the stochastic oscillator sits in an oversold zone, supporting a bullish scenario. The chart's longer time frame suggests a solid uptrend with increasing strength. However, shorter-term consolidation could occur before a breakout. Volume indicators align with potential bullish activity, and the pattern's breakout could drive TOTAL3 higher. This setup confirms a bearish bias for the short term, yet a bullish projection for the longer frame, supporting optimism for altcoins like AVAX within the broader crypto market.
The chart depicts a consolidation phase for W coin, establishing support around the $36 level. Current liquidation data points to diminished volatility in the near term. While technical indicators suggest a bearish outlook in the short term, the potential for bullish momentum appears to be building over the longer time horizon.
Entry: 36.46 or Market Price
1st Tp: 37.36
2nd Tp: 38.38
3rd Tp : 39.13
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$AVAX