strong buy
AVAXUSDT Bullish Reversal Targets with Impulse Potential
Considering a long position on #AVAXUSDT at $18.028 with a stop loss at $16.77, the price has formed a reversal pattern at the lower boundary of a descending wedge. It held a strong demand zone and responded to an internal Fair Value Gap (FVG). Signs of minimum protection and initial demand were observed, confirmed by increased volume.
Additionally, a series of Change of Character (CHoCH) and Break of Structure (BOS) indicate a structural shift favoring buyers. The upper boundary of the wedge, the FVG, and the supply zone above are potential targets for movement.
Breaking above the wedge could trigger an impulsive move supported by short liquidations.
Targets:
- TP1: 18.62 — local supply zone and FVG.
- TP2: 20.95 — liquidity zone and Order Block (OB).
- TP3: 22.78 — upper boundary of a key FVG and end of impulse.
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AI Analysis
The current technical analysis points towards a bullish reversal pattern in AVAXUSDT on the 1-hour timeframe. The price action has established a reversal at the lower boundary of a descending wedge, a...
AI Recommendation
Based on the current technical setup, a long position could be considered with a careful stop loss at $16.77 to mitigate risk. The primary goal is to monitor for a decisive breakout above the wedge pa...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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strong buy