#AVAX shows a mixed picture
Avalanche coin is quite old, but still performing quite well in the current market cycle ๐
On the 4 hour timeframe, locally, a "price channel" formation is forming. It has the potential to transform into a "bull flag" pattern ๐ in case of a breakdown of the upper boundary, which coincides with the level of ~$26.7, i.e. to work on the growth.
On the same timeframe, but already more globally, the pattern "expanding triangle" is formed ๐ It is quite ambiguous. As a rule, everything in it depends on whether the price can break through its conditional middle or not. In this case, the middle is the resistance zone between ~$26.7 and ~$27.4.
If the price fails to break through the mentioned resistance zone in the nearest future, we are likely to see the removal of stops and liquidations under the local minima. In case of successful breakdown, we should expect growth to the upper boundary of the global formation
