For Avalanche’s AVAX, we primarily expect the ongoing orange wave iii to break out to the upside from our magenta Target Zone ($13.31–$24.42). Afterward, the altcoin should clear the resistance levels at $26.83 and $49.95. Our alternative scenario remains unchanged: there is a 29% probability that a new low of turquoise wave alt.2 could occur below the $14.65 support – but still within the Target Zone – before the anticipated upward move. However, we primarily consider the “regular” turquoise wave 2 as already complete.
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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.