#AVAXUSD
**Sector:** RWA, L1, SEC/CFTC token
#AVAXUSD
**Market Cap:** $4.65B
**Total Supply:** 470M
**Circulating Supply:** 715M
AVAX appears to have completed its Wave 2 correction, which lasted 55 months and retraced 61.8% of Wave 1.
A major range-low reclaim, highlighted in pink, along with a strong 3M engulfing candle, adds further confirmation to the bullish structure.
As long as the Wave 2 low holds, the broader structure remains bullish. In this scenario, dips should be viewed as buying opportunities.
With Wave 2 potentially complete, we can now expect the beginning of a major Wave 3 rally.
**Wave 3 targets:**
23, 62, 240
**Invalidation:** 5.684
**Sector:** RWA, L1, SEC/CFTC token
#AVAXUSD
**Market Cap:** $4.65B
**Total Supply:** 470M
**Circulating Supply:** 715M
AVAX appears to have completed its Wave 2 correction, which lasted 55 months and retraced 61.8% of Wave 1.
A major range-low reclaim, highlighted in pink, along with a strong 3M engulfing candle, adds further confirmation to the bullish structure.
As long as the Wave 2 low holds, the broader structure remains bullish. In this scenario, dips should be viewed as buying opportunities.
With Wave 2 potentially complete, we can now expect the beginning of a major Wave 3 rally.
**Wave 3 targets:**
23, 62, 240
**Invalidation:** 5.684