This AVAX chart presents a symmetrical triangle pattern, suggesting accumulation and consolidation. The RSI is recovering from oversold conditions, while the Stochastic RSI shows a bullish crossover. Price has rebounded strongly from support, indicating buying interest. Short-term fluctuations might bring bearish moves, but the breakout potential of this structure signals a bullish trend in the longer time frame. Given this analysis, AVAX is likely bearish in the short term but exhibits a strong bullish outlook in the longer run.
The BTC.D chart shows a bear flag forming on the daily timeframe, which is a bearish continuation pattern. The RSI indicates a downward momentum, and the Stochastic RSI is heading towards oversold territory, confirming weakness. While minor upward corrections are possible, the overall structure suggests a decline in Bitcoin dominance in the shorter timeframe. In summary, BTC.D looks bearish for now, aligning with AVAX's bullish potential on a longer timeframe while staying cautious for near-term pullbacks.
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The TOTAL3 chart displays a bullish flag pattern on the 8-hour timeframe, signaling potential upward momentum. RSI is recovering from oversold levels, and Stochastic RSI suggests a bullish crossover. This aligns with AVAX’s bullish longer-term outlook, while minor corrections in the shorter timeframe remain possible.
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The chart exhibits gradual recovery signs, with liquidation pressure easing and leverage zones shifting upwards, favoring bullish momentum long-term. AVAX aligns bullish for the longer timeframe while experiencing short-term consolidation.
Trade Details:
Entry: Around 20.93 ( Join my Binance live for premium crypto signals )
1st Tp: 104.60
2nd Tp: 302.80
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