Today My crypto Alert - 12th July, 2024

Hello, everyone.
I am a crypto analyzer. Everyday I try to share some crypto coin. If anyone want to follow my signal, you can. I think you can be benefited from my signal. So now I am sharing the result of my analysis...

#AVAX/USDT ANALYSIS

The price is consolidating within a falling wedge pattern and is currently bouncing off the support trendline. The Ichimoku cloud is acting as resistance above the pattern.

A breakout above the wedge would confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern.

The Ichimoku Cloud is showing bullish momentum, with the price well above the cloud, which typically indicates a strong uptrend. The cloud itself is green, suggesting continued bullish sentiment.

So long as it sustains this level, the bullish momentum is anticipated to endure. Yet, a dip beneath this threshold could signal a short-lived retreat before resuming the upward trend.