$AVAX

Good afternoon, team! Shall we continue our analysis?

The turn has finally come to 🔺$AVAX:

❗️Let me remind you that Avalanche is a blockchain platform for creating and launching dApps (decentralized applications). Top DeFi asset from 12th place in terms of capitalization (almost ~$14 billion!!).

The technical picture is very interesting:

🖥[4H Time Frame] Around the ±30$ mark, the asset formed a “Double Bottom”, from where the asset markup began, BUT the resistance block at $38-40 acts as a strong level - we see a repeated downward reversal.

The target of the short-term correction is 0.5-00.618 Fibo, where the Bullish MB (mitigation block) also passes or in the price equivalent of $34-35🎯

Fixed below $32 = cancellation of the scenario.

💠💠💠💠

$AVAX —one of the strongest fundamental projects, on a par with SOL/LINK/DOT, etc. Often this asset moves among the first, setting a trend movement for the rest of the market📊. Investing in AVAX is definitely the right decision!

p.s. Well, I’m back to looking for potential gems💎—a couple of interesting options are already in mind. I’ll study the projects better and be sure to share them with you!