AVAX: Breakout Above $12 Eyes $17 Target
AVAX at $10.62 as trader targets $17 after $12 breakout while 4h chart shows bearish EMA50 resistance at $10.79 and MACD death cross.
SourceAnalysis
AVAX continues to lag broader altcoin momentum, creeping higher with a projected acceleration to $17 once the $12 high breaks according to @CryptoMichNL.
Price at $10.62 tests lower Bollinger support at $10.71 while the EMA50 resistance at $10.79 caps upside in a bearish trend structure confirmed by the MACD death cross, pointing to further consolidation before any sustained move higher in this AVAX price prediction setup.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast