AVAX bounced off the upper edge of our blue Target Zone (between $50.42 and $41.83). Although the low could already be in place, we still primarily assume a deeper dive into our Zone before the low of the blue wave (ii) is set. Traders could use the range to open long positions. To minimize risk, they could place stop orders about one percent below the lower end of the range. A drop below the Zone would trigger our alternative scenario (27%), which still sees the price in the turquoise-colored wave alt.2. This move would reach the same-colored Target Zone (between $29.30 and $17.48).
Money flows keep going lower. I’m thinking price is going to keep crawling lower. Most cryptos are similar situation…might be a green day but money is exiting. Hoping for a turn around but I’m seeing lower prices to buy in
MyCryptoParadise_Simon
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The specific mention of the price range for the alternative scenario provides clear targets for traders to monitor. thank you