This trading view idea proposes a long position in AVAX, the native token of the Avalanche blockchain network. The idea is based on the observation that AVAX has respected a strong daily support level twice in the recent past, indicating a potential price floor.
Furthermore, the idea takes into account the possibility of a BTC reversal, which could lead to a positive movement in altcoins like AVAX. Given these factors, the idea suggests that now may be a good time to consider a long position in AVAX for potential profits in the mid term.
Furthermore, the idea takes into account the possibility of a BTC reversal, which could lead to a positive movement in altcoins like AVAX. Given these factors, the idea suggests that now may be a good time to consider a long position in AVAX for potential profits in the mid term.