AVAX continued to head toward our turquoise Target Zone (between $29.30 and $17.48). We expect a dive into this range before the low of the turquoise wave 2 is placed. Subsequently, the coin should turn around and rally above the resistance at $49.95. Should this level be broken earlier (33% likely), we will have to locate AVAX in the turquoise wave alt.3.
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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
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.