AVAX - Any Daily Chart Opinions?AVAX / US DollarBINANCE:AVAXUSDCryptoChartDaily📉 Trend Overview - AVAX has been in a clear downtrend since mid-May, - steadily declining from ~$27 to the current ~$18. - Multiple lower highs and lower lows are evident, confirming bearish market structure. 🔍 Price Action - Price is currently testing a key support zone around $17.50–$18, - near previous consolidation zones (seen in April and February). - Candle body sizes are shrinking, indicating momentum loss from sellers. 📊 Volume - Volume is declining slightly, even during the downtrend, which may suggest selling exhaustion. - No major bullish spike yet — so no confirmation of accumulation. 🧮 WaveTrend Oscillator (WT_CROSS) WT Oscillator is: - In deep oversold territory (below -50). - Close to printing a green dot or crossing up, signaling a potential bullish reversal. - The crossover isn’t completed yet — but worth watching in the next few days. ⚠️ Key Levels - Immediate Support: ~$17.80 to $14.60 (historic demand zone). - Resistance to Watch: ~$20.50 (first test zone), then ~$22.60. ✅ Bullish Signs - Oversold oscillator with near crossover = possible bounce setup. - Strong historical support zone — price may stabilize here if buyers step in. - Heikin Ashi candles showing small-bodied red candles = possible trend weakening. 🚨 Bearish Risks - No bullish divergence or confirmation yet — WT signal not fully formed. - If support around ~$17.50 fails, next stop could be $14.50–$15.00 area. - Still in macro downtrend — any bounce could just be a lower high retracement. 📌 Conclusion AVAX is showing early signs of bottoming out, but not confirmed yet. If you're a short-term trader, watch for: - WT bullish crossover - Bullish candle confirmation (e.g. engulfing or hammer) - Volume spike on green days For investors: cautiously accumulate only if price respects this support and macro sentiment improves. -- Disclosures: This analysis is for informational purposes only and is not financial advice. It does not constitute a recommendation to buy, sell, or trade any securities, cryptocurrencies, or stocks. Trading involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.