📢
$AVNT / $USDT | 🟢 LONG | ⭐ 61.5%
🎯 Target: $0.10734. Will it reach it?
🎯 Trading levels:
🟢 Entry: $0.1043
🛑 Stop Loss: $0.1027
🏁 TP1: $0.10734
🏁 TP2: $0.1091
📈 Analysis:
The market structure in
$AVNT / $USDT shows a strong multi-timeframe bullish alignment with a bullish MACD crossover (an momentum indicator that measures trend strength) and a volume ratio 1.25x above average, confirming buying absorption. The ADX of 24.96 suggests the beginning of a developing trend, while the RSI at 56.71 (relative strength indicator) still leaves room for bullish expansion before entering overbought territory.
⚖️ Risk/Reward: 1:1.9
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The bullish thesis is invalidated below support at $0.1027, the level where the confluence of the 20, 50, and 200 EMAs is located. The scenario is validated by a sustained breakout of the immediate resistance at $0.10436, supported by the Inverted Head-and-Shoulders pattern confirmed in the volume profile.
Do you think current volume will be enough to consolidate the price above the $0.10436 resistance?
💡 This analysis is educational and is not financial advice. Do your own research and decide calmly.
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