AVAXUSDT Range High Retest| .618 Fiboancci|Monthly S/R| Trend

Evening Traders,

Today's analysis - AVAXUSDT- trading above its range high support, consolidating here is a bullish sign

Points to consider,
- Price action corrective
- Range High Support
- Declining Volume
- .618 Fibonacci Confluence

AVAXUSDT's immediate price action is resting on a support zone that is in technical confluence with the range high and the .618 Fibaoncci, allowing for a bullish bias.

the volume is on a decline, it needs to increase on the expansion, this will solidify the move

Price actions objective will be the Monthly S/R, exceeding this level will lead to a trend continuation.

price action is to be used upon discretion/ management, hope this analysis helps !

“Trading is buying and selling to exploit a change in the price. Investing is acquiring assets for economic reasons.”
― Naved Abdali