Today’s analysis – AVAXUSDT – trading in an up-trend, a pull back needs to hold to confirm a bullish retest,
Points to consider - Daily S/R Support - .618 Fiboancci Confleunce - VAL Support - Order Block Support
AVAXUSDT’s immediate price action is trading in an uptrend towards higher resistance, a pull back into support confluence area will allow for a bullish bias.
The immediate objective will be the overall Daily Range high where a rejection is probable for a larger trading range.
Price action is to be used upon discretion/ management, invalidation is multiple candle closes below the trading range.
Hope this analysis helps,
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