Avalanche (AVAX): Possible Sideways Between Resistance / 200EMA
2024-12-13
Category: None

Avanalche has bounced off 200EMA with sharp volume, where price has now reached the resistance zone, struggling to breakout from it!

We expect to see the price bounce in-between the resistance zone and 200EMA, where at one point, the price will be under pressure from both of those zones and we will see then the breakout or a breakdown. 

Now this scenario would be perfect but if we somewhat see an early breakout form resistance, we will be looking for a successful re-test and then we might see new highs to form from there!!

Swallow Team 