AVAX: Overbought at Resistance

Trade setup: Following a bullish break above $35 key level, price has reached out target of $50 resistance. However, price got very overbought (RSI ~ 82) and we’re likely to see it pause here on some profit taking.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.

Support and Resistance: Nearest Support Zone is $35 (previous resistance), then $25. The nearest Resistance Zone is $50.