AVAX: Bullish Divergence Fuels Continuation at $11.03
AVAX at $11.03 after $6.50 accumulation shows 3-day bullish divergence and 60-80% gains with EMA50 support at $8.43 intact.
SourceAnalysis
AVAX has delivered a clean 60-80% advance from $6.50 accumulation zones highlighted by @CryptoMichNL, with the trader trimming into strength as the move stretched.
The 3-day bullish divergence built over recent weeks now underpins a structural bottom, keeping price above the lows and favoring dip purchases in the ongoing bullish trend. AVAX price prediction models gain credibility when macro flows align with this divergence setup.
Price action at $11.03 tests the upper Bollinger Band resistance of $11.28 while RSI(14) prints 77.89 in overbought territory and MACD holds its golden cross; this confluence points to a measured pullback toward the EMA50 at $8.43 before the next leg higher, with the EMA200 at $7.57 acting as deeper structural support.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast