AVAX/USDTAVAX / USDT is in an interesting accumulation zone and is currently below the pivot at 42.91 USDT. It is best to wait for a consolidation above that point, but if you want to risk a purchase now it would also be viable, however requiring more patience to reach the targets.
In my view the exit points would be 54.84 or at the top at 62 USDT, in longer terms at 74 USDT which would give a total profit of approximately 91%.
My observations are also that the bearish channel has broken and if there is a pullback, the volume traded is decreasing, which makes me think that demand is looking for supply at lower points and this will continue before a rise.
The price is below the Ichimoku cloud which is a strong resistance, but is still above the Price Control Point or POC and in an important and intense trading zone. WT_CROSS points to a rebound in price and Weis Waves still forms a negative wave, although remaining below the previous big positive waves.
Therefore, the best thing to do is to wait for more positive signs or confirmation of them for a good entry, but it is good to monitor this asset as it can be very profitable.
Remember that the decision to buy is yours alone.
Good weekend
