#AVAX/USDT
2024-08-29

#AVAX

The price is moving in a descending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards

We have a bounce from a major support area at the lower line of the channel at a price of 23

We have a downtrend on the RSI indicator which supports the rise

We have a trend to stabilize above the moving average 100

Entry price 23.69
First target 24.81
Second target 25.70
Third target 26.86