AVAX has formed a textbook double bottom pattern on the daily chart, signaling a potential reversal after months of downtrend. The neckline around the $27 zone has been broken decisively, confirming the bullish breakout.
Key Points:
- Double Bottom Structure: A strong bullish reversal pattern with a clean neckline breakout.
- Breakout Level: $27, which was acting as resistance for the past several weeks.
- Volume Surge: Noticeable increase in volume during the breakout, adding strength to the move.
- Target: $48–$50 region. ( Channel resistance)
-Stop-Loss Idea: Below $22.0
AVAX appears ready to trend higher as momentum builds. If bulls hold above the breakout zone, the rally may accelerate in the coming weeks.
Cheers
Hexa
Key Points:
- Double Bottom Structure: A strong bullish reversal pattern with a clean neckline breakout.
- Breakout Level: $27, which was acting as resistance for the past several weeks.
- Volume Surge: Noticeable increase in volume during the breakout, adding strength to the move.
- Target: $48–$50 region. ( Channel resistance)
-Stop-Loss Idea: Below $22.0
AVAX appears ready to trend higher as momentum builds. If bulls hold above the breakout zone, the rally may accelerate in the coming weeks.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.