🔺 $AVAX : The most months in selling. The first sign of a return.
Avalanche’s stock has fallen below its recent low after a prolonged decline. I’m watching to see if buyers can turn this rise into a lasting rebound.
I prefer the re-test zone between $8.50 and $10. Holding steady in this area will increase the likelihood of reaching a higher bottom.
The price range is between $12 and $16—this is the band that buyers need to reclaim. A weekly close above $16 and a successful re-test will put the $20 level in focus.
This target implies a gain of approximately 80.8% from the chart price of $11.061.
A weekly market close below $5.50 would invalidate this recovery pattern.
The first rebound has started. Holding up against the next pullback is the real test.
$AVAX
Avalanche’s stock has fallen below its recent low after a prolonged decline. I’m watching to see if buyers can turn this rise into a lasting rebound.
I prefer the re-test zone between $8.50 and $10. Holding steady in this area will increase the likelihood of reaching a higher bottom.
The price range is between $12 and $16—this is the band that buyers need to reclaim. A weekly close above $16 and a successful re-test will put the $20 level in focus.
This target implies a gain of approximately 80.8% from the chart price of $11.061.
A weekly market close below $5.50 would invalidate this recovery pattern.
The first rebound has started. Holding up against the next pullback is the real test.
$AVAX
