AVAX recovered last week and rallied within our turquoise Target Zone (between $17.48 and $29.30). We now expect the price to be carried out of the Zone by the turquoise wave 3 and above the resistance at $41.78. However, we still have to keep our alternative scenario (40% likely) in mind. This option calls for a lower low of the turquoise wave alt.2 below the range.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
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.