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