#AVAX Analysis
AVAX is consolidating in an ascending triangle pattern and is currently facing rejection from a horizontal supply zone. The 200MA is also acting as a resistance barrier for price action.
A breakout from this pattern could signal a bullish trend, while continued rejection may lead to further consolidation of the pattern.
AVAX is consolidating in an ascending triangle pattern and is currently facing rejection from a horizontal supply zone. The 200MA is also acting as a resistance barrier for price action.
A breakout from this pattern could signal a bullish trend, while continued rejection may lead to further consolidation of the pattern.