The Trust Layer for Market Analysts

The analysis focuses on AVAXUSD using a 4-hour timeframe. Key support is identified between $12.50 and $16.85, a zone referred to as bull market support. A break below $12.50 opens the door for a bearish scenario. A move below the April low around $14.60 increases the likelihood of lower prices. For bullish confirmation, the analysis requires a break above the upper trend line around $35, and then above $44-$45. A break above the 78.6% retracement level at $31.67 is crucial. A micro support area between $18.20 and $20.67 is noted, but considered weak. The main condition for bullish momentum is breaching $31.67.