🔷️ #AVAX POST-IMPULSE: A FLAG OR A BREAKDOWN AT THE PIVOT?
After a powerful vertical breakout, $AVAX is now consolidating, forming a distinct flag structure right on the retest of the old resistance, which is now critical support. This black zone has become the battlefield that will determine the short-term direction.
A clean breakout from this upper boundary of the flag pattern signals a continuation, suggesting the momentum that triggered the massive move is ready for another round of expansion. The primary objectives following a successful continuation would be the clear blue supply level, followed by the yellow resistance zone above it.
This level must hold; losing it risks invalidating the bullish continuation logic. Patience is key as the range tightens towards the apex of the structure.
⚠️ Not financial advice.
#AVAX #Crypto #TechnicalAnalysis #DeFi
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2September 2, 2026 3.3K 1
