AVAX has been grinding down inside a descending triangle, pressing into a major support zone that’s already seen multiple reactions.
📉 Price action is currently wedged between:
Strong horizontal demand (white box)
Well-defined trendline resistance (descending white line)
Today’s wick below support was aggressively bought up — but until we get a clean break from this squeeze, momentum remains neutral at best.
🔍 What We’re Watching:
Support holding = possible spring and breakout setup
Rejection from trendline = bearish continuation structure
Stoch RSI reset = momentum is primed for a move in either direction
This is a textbook example of compression → expansion. Break + retest setups will be key
📉 Price action is currently wedged between:
Strong horizontal demand (white box)
Well-defined trendline resistance (descending white line)
Today’s wick below support was aggressively bought up — but until we get a clean break from this squeeze, momentum remains neutral at best.
🔍 What We’re Watching:
Support holding = possible spring and breakout setup
Rejection from trendline = bearish continuation structure
Stoch RSI reset = momentum is primed for a move in either direction
This is a textbook example of compression → expansion. Break + retest setups will be key
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Search by indicators like Supertrend, Ichimoku, macd.
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Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
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Explore 5,000 Strategies at quanttradingpro.com
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
Search for the most profitable, lowest risk by symbol!
Search by indicators like Supertrend, Ichimoku, macd.
Join our discord discord.gg/2systG9frc
We provide education & tools.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。