🚀 $AVAX is showing a potential technical setup!

The daily chart reveals an impulsive breakout from a prolonged range accumulation phase near the $6.00 to $7.00 lows, testing higher Fibonacci levels.

📈 The Technical Setup:
• The Pattern: Fibonacci Extension / Accumulation Breakout
• Short-term Target: 13.233
• Macro Objective: 17.685
• Market Structure: Range consolidation with recent impulsive breakout

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 9.529 - 10.482
• Resistance: 13.233
• Breakout Level: 10.482
• Stop Loss / Invalidation: 9.529

📊 Confirmation:
• Volume: Neutral/standard volume visible on recent push
• Momentum: Bullish impulse candle breaking above local resistance
• Trend: Potential trend reversal from long base accumulation

⚠️ Invalidation:
A decisive daily close back below the 9.529 support level invalidates this immediate bullish setup.

Price is attempting a recovery move following a prolonged consolidation phase, with eyes on higher Fibonacci extension levels if current support holds.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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