Please use my information at your own risk. this is just my idea of how AVAX gonna turn out in a near future. This plan is the plan that I am biased the most and I think is the most bullish as possible.
As you can see, I have labeled 1st wave at the ATH, after that is the bearish second wave. As I do a thorough examination, I choose to bias this correction as a flat correction (3-3-5). As of this moment, we are in the minor fourth wave of the c wave inside this flat correction. So there is gonna be another low after finishing this minor correction. The area of the upcoming new low that I expected will be around 11 - 11.4 which is the resistance level at the 50% fibo level of the whole big wave 1. As I said in every other post that I made, there are still many possibilities that can lead from this current situation.
This is just my own opinion on this market, please manage your own risk.
As you can see, I have labeled 1st wave at the ATH, after that is the bearish second wave. As I do a thorough examination, I choose to bias this correction as a flat correction (3-3-5). As of this moment, we are in the minor fourth wave of the c wave inside this flat correction. So there is gonna be another low after finishing this minor correction. The area of the upcoming new low that I expected will be around 11 - 11.4 which is the resistance level at the 50% fibo level of the whole big wave 1. As I said in every other post that I made, there are still many possibilities that can lead from this current situation.
This is just my own opinion on this market, please manage your own risk.