2026-01-16 03:30:11

AVAX's recent trend is interesting. The price is converging, and the pennant pattern is becoming clearer. This type of chart pattern usually indicates an upcoming breakout. Bullish momentum is building up, and once volume catches up, the likelihood of a breakout is high. Regarding target levels, around $15.50 is a key resistance.

To be honest, the biggest test during volatility is still patience. Some people can't withstand the fluctuations and end up cutting losses, but those who hold patiently are often the ones making money. The market works this way, with strong inertia—once the direction is confirmed, it often moves very quickly. Now, it's all about whether a breakout can be confirmed.

AVAX1,69%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

25 Likes

Reward
25
7
Repost
Share

Comment

0/400

MetaverseLandlord

· 01-17 01:14

I looked at the pennant, but to be honest, the mindset is much more difficult than the technicals. Everyone who cut losses truly regrets it.

View OriginalReply0

ForkMaster

· 01-16 21:00

Once the symmetrical triangle pattern forms, you need to maintain your composure. My three kids' milk powder expenses all depend on moments like this where I don't sell in a panic.

View OriginalReply0

MintMaster

· 01-16 03:55

Breaking through is just breaking through, no need to make it so complicated. The key is to hold on; anyone who cut losses now must be regretting it to death. Wait for volume; without volume, everything is just talk. Whether 15.5 can hold is the real question. Mindset is easy to talk about, but when it really hits the limit down, everyone will collapse. I just want to ask, how many times have you endured? I'm tired of the triangle convergence pattern; let's just look at the candlestick charts and speak, no need for wild predictions.

View OriginalReply0

SnapshotStriker

· 01-16 03:46

The triangular flag arrangement is really easy to numb people, whether to break the position or not, there's no confidence It's really about mentality. Many friends around me have cut it off like this. When it rises later, they regret it to death Whether 15.5 can be held depends on the volume, let's see the trading activity

View OriginalReply0

CryptoCross-TalkClub

· 01-16 03:44

Laughing to death, it's either a triangle flag or a breakout. Why do I feel like my AVAX position is just that leek being squeezed in the middle waiting to die? The one who can't hold on forever is me, and the one making money is always others. I know this deal too well. Wait, $15.50? My current cost is almost doubled now. What breakout? I've already gone bankrupt. Mindset test? Bro, you're taking it too lightly. The only mindset I have right now is please don't drop again, I beg you. No matter how clear the chart is, it can't be clearer than the death candlestick on my account. This wave, I choose to lie flat.

View OriginalReply0

DegenGambler

· 01-16 03:35

The triangle flag is being organized, indicating that the main force is accumulating strength. At such times, the true test is really the mindset. I've seen too many people give up and cut their losses, only to regret it after the breakout.

View OriginalReply0