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Technical analysis by amir9 about Symbol AVAX: Sell recommendation (8/28/2025)

https://sahmeto.com/message/3740040
amir9
amir9
Rank: 3540
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Sell،Technical،amir9

The chart of AVAX/USDT shows a rising channel that has been forming since March 2025. Price is moving up and down inside this channel, making lower highs and higher lows in a zig-zag pattern. The projection suggests that after testing the upper side of the channel near $28, the price may fall back to the lower boundary around $18, and eventually break down towards $13–14. This pattern indicates that while the market is still respecting the channel for now, the overall expectation is a bearish breakout in the medium term. What do you think ?

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$24.62
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