AVAX continued its expected decline into the magenta Target Zone between $24.42 and $13.31, before reversing course over the weekend with a modest bounce. While it's possible that this marked the low of the wave ii correction, we're not ruling out the potential for another dip within the zone. For now, the setup remains open-ended. Once orange wave ii has been confirmed as complete, we expect a strong rally to follow in wave iii, likely driving the price beyond resistance at $49.95.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.