Technical analysis by RLinda about Symbol AVAX: Sell recommendation (13 hour ago)

AVAXUSDT , within the context of a global downtrend and low liquidity associated with market conditions, is forming a short squeeze ahead of a possible decline. The global trend is protracted and downward, which generally indicates the dominance of bears in the medium and long term. Bitcoin is consolidating against the backdrop of a downward trend, which generally creates negative sentiment in the market. AVAX is forming a short squeeze of consolidation resistance at 12,460, formed against the backdrop of a global downward trend. This is a manipulative maneuver to accumulate liquidity before a possible decline. If the bears keep the price below 12.540 - 12.460, then a decline can be expected in the short and medium term. Resistance levels: 12.46, 12.54 Support levels: 12.03, 11.94, 11.26 A false breakout of resistance could confirm the end of the correction or consolidation and trigger a continuation of the main downtrend. Best regards, R. Linda!