$AVAX #TradingIdeas #analitic #TradeSignal
đ On AVAX, I will change the spectrum to a more local picture, because here there is an option to try to reject the impulse
đOr the 5th wave that forms in the formation of the initial diagonal - all within the framework of Elliott's wave theory. Frankly, I like the way the trend reversal is forming here - the price during the decline came clearly to the test of the upper limit of accumulation and was able to hold higher and locally we see a parabolic reversal, which often indicates a real breakout. At the moment, the price is sandwiched between two trends, respectively, from the current ones I expect an upward movement and a pullback from there. Schematically noted everything on the graph. đ
đThe global bullish scenario remains in force here, I also noted all the excitement on the chart. There is a "bullish pennant" pattern in which the decline occurred in the second correction wave. Now we expect the beginning of the movement in the 3rd impulse, the renewal of the maximum (the top of the 3rd wave) and, accordingly, the complete development of the pattern. đ
đȘMedium-term goal â $100 (i.e. 1.618 Fibonacci from the 1st wave.)đ
