$AVAX Market behavior analysis

25 mars 2021

Let's see what the two highlighted candles show to us; There has been a relatively long regulatory season for AVAX and at the bottom of the chart, there seems to be an interesting candle. For instance, it has a small body; this implies to market uncertainty. The fact that the upper shadow is much smaller than the lower one indicates that the bulls have overcome the bears and that they are finally awake. The next candle is even more interesting; it has a rather large body and the upper shadow is quite eminent. This means that the bulls have been trying to pull up the price in those 4 hours, the bears couldn't manage to change the candle's color, but they did manage to undo a big percentage of the bullish movement. To realize where the market is headed next, you've got to analyze the candle that forms after this one. ( which closes in 3 hours ) But the fact is that we have a market that has reached its 24$ hard top and its bulls have awaken. The 24$ support is pretty strategic for AVAX, as you can see in its chart history.