RLinda ! AVAXUSDT-> Breaking through the channel resistance

2 Sep 2022

AVAXUSDT breaks through the resistance of the descending price channel, which began to form almost a month ago. We see price stopping at 17.54 and moving into a consolidation phase, but at some point the price presses hard against the resistance and breaks through.

There are several key targets on the chart for further price movement, which are resistance zones. On the global chart the price is not yet ready for a strong move and has been in a sideways movement for quite some time.

I assume, if the price can consolidate above the level of 18.89, then there are all chances to see a good growth. The short term target is the resistance level of 21.33, the medium term target is 23.75.

Regards to R.Linda!