Analysis $AVAX 05/20/2024

Analysis $AVAX 05/08/2024

AVAX, another dinosaur that I bought during the big drop in October. I still have good profits, despite the drop in March this year. It seems to me that AVAX is another one where we have reached an important point.

I don't see these big altcoins here entering prices from their lateralization channels from last year, so I believe that the green band here on the chart is the support that will hold us back and consequently make us bounce soon.

I see that many people worry that we could fall here to USD 21, but I don't see that possibility being real... because that would imply a further drop of -37%, so we would have to see Bitcoin plummeting quickly and more Still, his dominance is rising, which doesn't seem to be the case here.

I'm priced well below that point, so I won't buy here, but I don't see much reason for people who aren't positioned and like this...to continue waiting for such a lower price.

I warned you about this one last October, and when it started to jump, I'm coming back to it again to point out reasonable prices, which you just need to wait for your purchase configuration and enter.