Spotting a Bullish Opportunity: AVAX/USDT Cup and Handle Pattern

I recently identified a classic Cup and Handle pattern in the AVAX/USDT trading pair, which is now breaking out and currently undergoing a test of the breakout level. This pattern suggests a potential price target around $34.

The chart shows the cup formation, followed by a brief consolidation (the handle), and now we are witnessing the breakout. The price is testing the breakout level, which is a critical phase before the expected upward move.

Stay tuned and watch for this potential price relief rally in AVAX/USDT!