With the recent sharp pullback, AVAX has entered the lower third of our magenta long Target Zone between $24.42 and $13.30. The low of the turquoise wave 2 is approaching and should form well above the $8.64 support. From the bottom of wave 2, we expect a rally in the turquoise impulse wave 3, which should aim for the current all-time highs of the last bull run.
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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.