AVAX / TetherUS

AVAX Macro Triangle?

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AVAX is printing a macro triangle similar to XRP did before it moved x10 in late 2024. The series of ABCs and Fibonacci depths gives this away.

Wave D could be complete but has not reached the resistance line and weekly pivot so I may have one more push up to go.

Wave E is expected to end at the weekly 200EMA to the High Volume Node as it doesn't test the support diagonal line by its characteristics.

This would also have triangle correction complete at the golden pocket adding confluence to the area.

Triangle pattern target is high and we could see a move to the R5 weekly pivot at $150 to test the all time high one more time.

Weekly RSI has bullish divergence from wave C.

Safe trading

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