Coin Name: $AVAX
Signal Type: Long
The AVAX/USDT chart shows a possible upward trend. The price has bounced off a support line and is trading above the EMA ribbon, which acts as support. The expected price target suggests an 84.87% increase, with a potential rise to $80. The RSI is around 69, close to the overbought zone, meaning there is strong momentum, but we should be careful of a possible short-term drop. The increase in trading volume shows more people are buying, supporting the upward trend. If the price stays above the EMA ribbon and support levels, it may confirm the uptrend will continue.
AVAX 4-Hour Timeframe
Trade Details:
Entry: Around $44
Take Profit (TP): $80
Stop Loss (SL): Hold
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