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Could Avalanche AVAX be the next big thing in the Space? Rumors of big players getting in.
Let's try to look at the chart: it seems to be moving very well in the ascending channel. I see an Head and Shoulders there. Looks like it can easily pump 10x. Be careful on this trade, don't FOMO, wait for the break out of the neckline.
This is not a financial advice....
A quick analysis of AVAX. I do think $100 AREA is reachable here!(could be just under. Don't put your targets too high)
What do you guys think?
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The following is a machine translation.
The target sees 70 plus
1. The general trend is upward.
2. Wave 2 pullback rebound, now in wave 3. From a wave point of view, the third wave will surpass the first wave.
3. The first wave before the accumulation of a large volume, which can promote the market follow-up rise.
4. Oscillation trend indicator gold fork,...
I see a possible reversal with the formation of a double bottom in the 1.618 fib range
This reversal may be short lived however (in red) or price breaks this resistance line
A double bottom is a strong reversal sign