Avalanche (AVAX) has pulled back about 20% from its recent peak since our last update, prompting us to adjust our wave count. At present, we see the coin in green wave [ii], which is subdivided into a beige (a)-(b)-(c) three-part move, with wave (c) currently in progress. Once it bottoms out, wave [ii] should also be complete. From there, we expect wave [iii] to push AVAX above the newly established resistance at $36.19.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.