AVAX has formed a clean double-bottom pattern on the weekly chart, signalling potential reversal after an extended downtrend. Price is now holding above support and showing signs of early bullish structure, with a higher low forming and compression tightening.
Setup Thesis:
A breakout from this base structure could trigger a mid-term rally toward the $29–30 zone, which aligns with prior structure resistance. This setup targets continuation if buyers defend the current level and break the neckline convincingly.
Trade Plan:
Entry: Around $18.00–18.20
Stop Loss: Below $14.90 (beneath the recent low)
Target: $29.00–30.00
Structure: Double-bottom with early signs of trend reversal
Timeframe: Mid- to long-term swing (weekly confirmation needed)
Key Notes:
This is a higher-timeframe setup. Patience is key — let the candle close strong and look for follow-through. A break and hold above $21 would further validate the bullish shift.
Clean structure, defined invalidation, asymmetric reward.
Setup Thesis:
A breakout from this base structure could trigger a mid-term rally toward the $29–30 zone, which aligns with prior structure resistance. This setup targets continuation if buyers defend the current level and break the neckline convincingly.
Trade Plan:
Entry: Around $18.00–18.20
Stop Loss: Below $14.90 (beneath the recent low)
Target: $29.00–30.00
Structure: Double-bottom with early signs of trend reversal
Timeframe: Mid- to long-term swing (weekly confirmation needed)
Key Notes:
This is a higher-timeframe setup. Patience is key — let the candle close strong and look for follow-through. A break and hold above $21 would further validate the bullish shift.
Clean structure, defined invalidation, asymmetric reward.
May the Green Spirit be with You ❇️💚
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May the Green Spirit be with You ❇️💚
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。