Is AVAXUSDT About to Crash? Here's What You Need to Know!
2024-10-03

Yello, Paradisers! Are you keeping a close eye on AVAXUSDT? We’re seeing bearish signals that could indicate a major move down! 📉

💎Currently, AVAXUSDT is forming a classic Head and Shoulders pattern from a key resistance zone—a strong indication of a potential bearish reversal. 🧐 On top of that, we’ve spotted a Change of Character (CHoCH) confirming a bearish market structure, further tilting the probability to the downside.

💎But that’s not all. If AVAXUSDT pulls back and we see an Internal CHoCH (I-CHoCH) on the lower time frames, it will strengthen the bearish sentiment and signal an entry opportunity. In this scenario, the right shoulder could develop on the higher time frame.

💎Don’t forget, there’s a supportive trendline nearby that could cause some price reactions. Manage your positions carefully and don’t get caught in a false breakdown.

💎However, if the price shows strength, breaks above the resistance zone, and closes a candle above, it will invalidate our bearish outlook. In this case, it’s a clear no-trade zone until we see a decisive break in either direction.

🎖With the markets always throwing surprises, remember: Stay patient and wait for the highest probability setups. Discipline is key to consistent profitability.

MyCryptoParadise
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