Bullish sun ☀️ shines over most of the global crypto market, indicating a continued upward trend in the coming 24 hours. Cloudier ☁️ bearish trading conditions linger over Ripple’s XRP, Avalanche, and Binance Coin, signaling a downward trend, ATTMO shows.
Over a one-week horizon, the bullish sun ☀️ will continue to dominate the crypto universe, though Litecoin...
if it simple math ada was top 6 with 26 bln cap in 2018 and after that last bull cycle high was 100bln cap , if we project copy from ADA to AVAX we will see 80 BLN cap which is it would make at least 15x
because avax syppy will be 500mln in 2025 which is 75bln/500mln =150usd
Definitly gives a Flat vibe when it comes to Elliott wave pattern.
The impulse in a leg C is not the cleanest thing in the world.
Maybe one more leg down, then it would make more sense. And pattern would look healthier.
Stops arent yet triggered. Not enough pain in my opinion.
Decent area to spot this asset.
Save some more money in case this dives deeper.
AVAX is in a long-term bear market. What we've seen so far is just 1 of many retracements to come for AVAX. Usually, we see relief rallies come in. This is why I stated this a possible ABC correction nothing is confirmed yet but I would bet against a new ATH being set in 2022 for AVAX.
Fundamental Analysis:
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.
Avalanche launched on mainnet, September 21, 2020. Since then, the platform...
