AVAX Market Analysis
On the daily chart, AVAX is currently entering the third wave of the weekly chart, and the market is in a strong upward trend. Based on the length of the first wave, it is highly likely that the third wave will reach the 1.382 position (90.85). If next year's bull market is particularly strong, it may directly reach around 103.4. Of course, this is the situation for a larger market trend, which is beneficial in the long term. In the future, one should take appropriate actions to reduce positions based on the actual market situation.
After the adjustment on the 10th, AVAX is now breaking through the previous high point range (49-65). After the adjustment, the main focus is on whether the main force can stabilize at the 50-point level on the daily chart for a long time. This point belongs to the lower boundary of the resistance zone, and only by stabilizing at the lower boundary can we consider sprinting to higher levels. Key nodes, pay attention to the situation of the bulls.
Short-term risk: if the daily chart cannot hold this position, it will continue to correct in preparation for the next charge. The short-term support level is mainly at 48. Next, focus on the performance of the main force, and observe the direction chosen by the main force in the next 48 hours. Of course, friends who have risen from lower levels can start taking profits and wait for the market to confirm its direction before continuing to trade.
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