Technical analysis by MyCryptoParadise_Simon about Symbol AVA: Buy recommendation (12/11/2024)

Yello Paradisers, let me ask you something: Are you prepared for what’s coming next with AVA? The current price action suggests we are standing at a critical juncture. This could make or break your short-term trading decisions. Let’s analyze the setup and see what the market has in store. 💎#AVAUSDT recently broke above a long-term downtrend resistance line that had limited its movements for months. This breakout was supported by strong buying momentum, pushing the price into key Fibonacci retracement zones derived from the previous downtrend. However, the market now finds itself in a pivotal phase where both buyers and sellers are aggressively fighting for dominance. 💎The price is currently hovering around $0.69, near the 0.382 Fibonacci retracement level, which is acting as a pivot zone. Immediate resistance lies at $0.74 (Fib 0.236), where selling pressure is evident, while strong support has formed at $0.64 (Fib 0.5). If the bears gain control and break below this support, the next critical support level is $0.5494 and a failure there could send AVA toward $0.53 (Fib 0.786) or even $0.45, which coincides with previous liquidity zones. 💎On the bullish side, reclaiming $0.74 could spark a fresh rally, pushing #AVA toward the psychological resistance at $0.83. For this to happen, buyers need to step in and defend the higher low structure forming above $0.69. Such a move would solidify bullish continuation and open the door to further upside in the weeks to come. Right now, patience is critical. #AVA is sitting at a key crossroads, and the next decisive move will determine its direction for the near term. Waiting for clear breakouts or breakdowns at these levels will provide the highest probability trades. Remember, impulsive decisions in such setups often lead to losses. MyCryptoParadiseiFeel the success🌴💎#AVAUSDT Rockets 465.10% – A Perfect Call