As we can see AVAX has gone for a nice rally. The price structure shows a parallel channel and fits an elliot impulse wave. Whats interesting is that AVAX is also testing the previous major ressistance which we hope that it will act as support.
Volume shows an accumulation trend on the daily timeframe and a possible up/down move will come sooner or later. I am keeping an eye on the 60 dollar area with my long position.
Please enter feedback for my analysis since I am no financial advisor or a professional.
Volume shows an accumulation trend on the daily timeframe and a possible up/down move will come sooner or later. I am keeping an eye on the 60 dollar area with my long position.
Please enter feedback for my analysis since I am no financial advisor or a professional.