RLinda ! AVAXUSDT-> Consolidation near resistance

2023年1月17日

AVAXUSDT shows positive dynamics. The growth from the minimum (from December 30) is almost 75%, which is quite a big indicator

The price makes a false-break of the descending wedge resistance by a strong impulse, but we should pay attention to the consolidation formation after the false-break, which can be interpreted as an energy consolidation for further growth. If the price does not fall after the false breakdown, it means that it will rise.
The cryptocurrency market is starting a strong recovery, but no one knows how long it will last

I assume that the pre-breakdown consolidation will end with a breakout of the wedge resistance and the price will start to form an impulse. The nearest target is resistance 19.83. The medium-term target is resistance 26.11 and the next one is the liquidity zone 30.20

Regards to R. Linda!