Avalanche (AVAX) / BTC - Bullish divergenceFollowing a 60% correction and oversold condition (orange column) the above 1-day chart is showing a reversal in price action is probable.
Regular bullish divergence between price action and the oscillators together with increasing volume (It is there just not visible on this scale!) and Stochastic RSI crossing up is a very bullish signal.
Can price action fall further? Sure.
Is it probable? Unlikely.
One noteworthy observation are the resistance levels on the way back up, there are not many, so it should be exciting to see where this goes.