During the last two sell-offs of Bitcoin , AVAX has produced a clear double bottom pattern. With today's strong bullish sentiment across the crypto universe, I'm confident that AVAX (and other cryptos for that manner) will see more bullish movement in the near future.
First, I'm expecting AVAX to reverse around 31.5, since it has been seeing such a strong increase lately. After this small reversal, I'm expecting a strong bounce around the 28.50 resistance. Wait for this reversal before trading.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.