Avax
Break down below the support levels in the basis of increasing trading volume on Wednesday, Bitcoin’s 1.1% denial of Bitcoin over 24 hours.
Technical analysis
• AVAX is formed by a downward channel with continuous lower highs and lower lows within 24 hours.
• The price below the main support of $ 21.05 was damaged during heavy volume sessions.
• The remarkable objections are established at $ 21.64, where the sale of pressure intensifies significantly.
• The level of $ 20.85 represents immediate support that can accelerate bearish momentum to $ 20.50 if damaged.
• A temporary double bottom formed at $ 20.85 before a rally to test the resistance of $ 21.03.
• The maximum period of time (50,477 units) confirmed the continuation of the downtrend.
• The total price range for the period is 0.79 (3.67%), falling from $ 21.56 to $ 20.89.
