The Terror of 27 Hit Avax Once Again!

25 ago

Avax surged with Powell’s Jackson Hole speech, tested 27 once again, but was rejected at resistance once more. The “terror of 27” continues, but hard horizontal resistances like this can offer major buying opportunities once broken. Gold’s move from 3000 to 5000 and Ethereum’s unfinished breakout above 4000 toward an open target are prime examples. The key will be timing and protection against false breakouts.

As for Powell, the new “curious balance” in the jobs market opened the door to a September cut, but markets have not yet focused on the hawkish framework changes. The shift away from FAIT ( https://www.tradingview.com/chart/DXY/cAQnASFe-What-Traders-Should-Expect-from-Powell-s-Jackson-Hole-Speech/ )could prove even more hawkish in the long term. If there is no sharp deterioration in the jobs market, traders should not expect fast rate cuts after September.

25 ago

Trade attivo

According to Cointelegraph, Grayscale has filed with the SEC for an Avax ETF. Will this be the final trigger for the breakout above 27? We shall see. What is clear is that higher lows are definitely a positive signal. The 23–24.50 range looks like a demand zone, in my view, with a target of 41.