Technical analysis by SublimeTraders about Symbol AVAX on 2/19/2024

Even if the market is euphoric, we need to watch certain levels. In this example , AVAX is clearly displaying an ascending channel and not is in the lower range. Current major support at $38 and a possible high of around $45 . Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.