A clean Double Bottom often precedes a big move. Validate your entry.
Reversal pattern after a downtrend.
Gradual reversal from bearish to bullish.
A clear signal has emerged for Avalanche (AVAX) on the daily chart. With a last close of $6.25, volatility remains active (-0.19%). Our AI has detected a valid Double Bottom pattern. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $7.09, targeting $8.22 with support near $6.53 (R:R 2.0).
What is your outlook on AVAX?