AVAX is following the Elliott Wave Impulse schematic.
Wave 1 has given us a 5 wave impulse. Wave 2 is showing us a 3 wave ABC correction - We are currently on Wave C of the correction Wave 3 is the next wave we are expecting, which is often the biggest wave.
Wave 2 - ABC A wave = 3 waves B wave = 3 waves C wave = Seeing a 5 wave move down (which follows the impulse schematic)
We are currently on the 5th wave of wave C. This 5th wave has 5 subwaves of which we are on the 4th subwave and expecting one more subwave lower before the big bullrun.
The bullish target can reach well above 200. Well above 3000% gains to be made.
Will update this chart once we see the last move lower!
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