Is it time to fly with AVAX? 👀
Our technical analysis suggests a bullish wave is forming for AVAX! We've spotted a potential ABC correction pattern, and it looks like we're entering a new upward phase. Waves 1 and 2 have formed nicely, and we're expecting a strong rally towards waves 3 and 5.
Here's the plan:
* Entry: $41.3 (get in at this level or on a slight dip)
* Stop-Loss: $34.7 (protect your profits)
* Target Profit: $56 (where we expect the wave to peak)
Why are we bullish on AVAX?
We're using Elliott wave analysis to identify this potential move. This technique helps us understand the underlying structure of price movements and predict future trends.
Remember:
* Trading crypto involves risks. Always do your research and only invest what you can afford to lose.
* Past performance is not indicative of future results.
* This is just a trading signal, not financial advice.
Let's fly with AVAX! 🚀
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