$AVAX: Buying Pressure Rises as Bulls Test Key Resistance
LONG SETUP AVAX
Entry: $11.7000 - $11.7500
Stop Loss: $11.3000
Take Profit: $12.5750 (2R)
Key Levels: Support $10.8120 | Resistance $12.0080
Technical Analysis for $AVAX: Price sits above EMA9 (11.37), EMA21 (11.02), EMA50 (10.83) and EMA200 (10.45), confirming a bullish hierarchy. MACD is positive (0.286) with a clear histogram (+0.141). RSI at 71.5 and Stochastic K/D in the high 80s indicate overbought momentum but the ADX of 32 shows a strong trend. Volume is up >118%, supporting the move. The 1H/4H swing high sits at 12.008 and swing low at 10.812, placing the current price near the upper half of the range, suitable for a swinglong with a 2R target.
Market Context: BTC remains in a bullish stance on both 4H and 1D timeframes, and the broader crypto market is broadly positive (63% green). This backdrop adds bias toward higher risk assets like AVAX.
#AVAX #Avalanche #AltcoinAnalysis
LONG $AVAX
LONG SETUP AVAX
Entry: $11.7000 - $11.7500
Stop Loss: $11.3000
Take Profit: $12.5750 (2R)
Key Levels: Support $10.8120 | Resistance $12.0080
Technical Analysis for $AVAX: Price sits above EMA9 (11.37), EMA21 (11.02), EMA50 (10.83) and EMA200 (10.45), confirming a bullish hierarchy. MACD is positive (0.286) with a clear histogram (+0.141). RSI at 71.5 and Stochastic K/D in the high 80s indicate overbought momentum but the ADX of 32 shows a strong trend. Volume is up >118%, supporting the move. The 1H/4H swing high sits at 12.008 and swing low at 10.812, placing the current price near the upper half of the range, suitable for a swinglong with a 2R target.
Market Context: BTC remains in a bullish stance on both 4H and 1D timeframes, and the broader crypto market is broadly positive (63% green). This backdrop adds bias toward higher risk assets like AVAX.
#AVAX #Avalanche #AltcoinAnalysis
LONG $AVAX
