$AVAX tested the local support level.

As you might know, the “double bottom” pattern is often formed before the trend change and price reversal.

The potential of this pattern is equal to the first part of it — with the orange arrows I've highlighted the approximate area.

The ultimate target of this potential is located at the approximate mark of $40, approximately there will be local resistance, so this zone will be the target zone.

I now consider the trend to have changed to an uptrend definitively.

#AVAX

$AVAX touched the 0.618 golden Fibo zone!

Right now we are at a strong support level and this is a great buying zone as well.

From a long-term perspective, this is the moment when some are scared and sell and others realize the situation and increase their positions.

These are just my observations, it is often the case that the price corrects to the golden ratio and then rebounds and continues the upward movement.

Always analyze the chart on your own and don't trust anyone 100%, not even me.

#Avax