AVAX/USDT – Weekly Chart Analysis (Macro Outlook)

🧠 AVAX/USDT – Weekly Chart Analysis (Macro Outlook)

Exchange: Binance
Timeframe: 1W (Weekly)
Bias: Accumulation Phase — Potential Reversal Structure in Play

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🔍 Technical Breakdown:

1. Macro Descending Channel (ABCDE Structure):
The chart reflects a textbook ABCDE corrective pattern, where wave E appears to be forming near a key historical demand zone between \$14.2 – \$15.8. This zone has held multiple times in the past, indicating strong buyer interest.

2. Potential Double Bottom / Rounded Base Formation:
A double-bottom or curved accumulation pattern is forming, supported by oversold stochastic conditions. This suggests a momentum reversal is likely if price confirms breakout above \$20–\$22.

3. Key Resistance Levels to Watch:

* \$26.52 → Mid-range resistance and potential neckline of reversal pattern
* \$39.50 → Major structural resistance aligned with previous highs
* Downtrend Line → Must be broken for sustained bullish structure confirmation

4. Elliott Wave Perspective:
After a completed ABC corrective structure and extended D-E wave, we may be at the initiation of a new impulsive cycle, targeting wave C near \$39.50 and beyond.

5. Momentum Signal (Stochastic RSI):
Weekly Stoch RSI is bottomed out and shows early signs of cross-up, adding bullish divergence confluence to the current structure.


🧭 Strategic Plan (Investor's Mindset):

* Accumulation Zone: \$15–\$17
* First Breakout Trigger: Weekly close above \$23.50
* Mid-Term Target: \$26.50 (liquidity zone)
* Macro Target: \$39.50 (confluence of downtrend and horizontal resistance)

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✅ Conclusion:

AVAX is potentially completing its macro corrective cycle with a high-conviction Wave E bottom formation. The structure signals a trend reversal may be in motion. A clean break above \$23.5–\$26.5 range could ignite a bullish expansion phase, targeting \$39.5+ in the months ahead.

“Big moves come from big timeframes — and this chart is whispering opportunity to the patient trader.”