I mentioned the possibility of a bullish cypher in the long term, but before that, the price may show an upward movement again with a 5-0 in the smaller time frame.
price may start an increase from a region around 134.675. In cypher formation, the increase may be voluminous and sharp.
A strong rise can be expected if the price is observed between 0.64155 and 0.6207, especially in the lower timeframes, negative divergence and the RSI reaches the oversold region.
In the first case, Avax follows the green path, makes a correction to around 30-32 with the harmonic 5-0 formation and then rises sharply, in the other case (which I do not want at all) the price rises to somewhere between 59-71 and falls sharply with the harmonic shark formation.
As a confirmation of a shark formation formed on the daily, another shark formation is formed on the lower time frame. There is also a negative divergence in many time frames.