Candle Analysis: $AVAX Confirms Bullish Reversal Pattern đ
On the 4h chart, Avalanche printed a powerful Bullish Marubozu breakout candle (+11.9% push), cleanly flipping the $7.80 double-bottom into a strong momentum surge toward $9.01 on $53M+ volume.
Key Technical Levels:
âą Resistance: $9.00 local high, followed by $9.45
âą Support: $8.50 (breakout retest zone & 1h EMA9), deeper floor at $8.20
As long as candles close above $8.50, buyers remain in control of structure.
Are you bidding the retest or waiting for a clean break above $9.00?
#AVAX #Crypto #TechnicalAnalysis
On the 4h chart, Avalanche printed a powerful Bullish Marubozu breakout candle (+11.9% push), cleanly flipping the $7.80 double-bottom into a strong momentum surge toward $9.01 on $53M+ volume.
Key Technical Levels:
âą Resistance: $9.00 local high, followed by $9.45
âą Support: $8.50 (breakout retest zone & 1h EMA9), deeper floor at $8.20
As long as candles close above $8.50, buyers remain in control of structure.
Are you bidding the retest or waiting for a clean break above $9.00?
#AVAX #Crypto #TechnicalAnalysis
