This is an all time channel for $AVAX , it reached the top twice and tested the mid line twice, broke the mid line and went straight to the bottom. not it is showing some hidden bullish divergence. In my opinion it is now going for the mid line which have a moving target as time passes. I will leave this here for future reference only.
Trade closed: stop reached:
Avax broke down the proposed Channel. This idea is no longer valid.