Avalanche (AVAX) price at turning point after impressive rise

In this article we discuss an avalanche analysis (AVAX) that comes from our premium environment. We provide insight into recent price movements and what you can expect from AVAX in the near future.

For a deeper insight, we invite you to test our premium environment for 30 days for just 1 euro. Please note that our content is for informational purposes and not financial advice.

Vechain (VET)’s uptrend is set to resume after a brief pause

Technical analysis Avalanche (AVAX)

In the Crypto Insiders premium environment, our analysts recently shared a new AVAX analysis. They explained the following:

“Since reaching our green buy zone, AVAX has risen impressively without looking back. The current scenario on the chart shows an Elliott wave pattern of 12345 with the price currently in the fifth wave.

Of note is the resistance we observe between the 127.2% and 161.8% Fibonacci levels, or between $44 and $47. This resistance suggests that we should prepare for a significant decline.

It is still too early to say how deep this decline will be. We need a new high first. The decline can also lead to new opportunities, and we are always looking for them. We will continue to closely monitor AVAX in the premium environment.”

Date of analysis: December 17th. Link to trading view:

Good news for Dutch crypto traders

Through a collaboration between Bybit and SATOS, Dutch crypto traders now have access to an extensive range of more than 400 new cryptocurrencies. This development, combined with the acceptance of Dutch payment methods such as iDEAL and the availability of Dutch-speaking customer service, positions Bybit as the first choice for Dutch investors in the crypto market. New customers receive attractive bonuses.

Read Also:  RCB gave Rajasthan a target of 184 runs after Kohli's impressive century

Do you need help?

In our premium environment you will find our extensive trading plan with the latest updates. As a Premium Member, you enter a safe place where traders of all experience levels share knowledge. Ask experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.

Post views: 33

Recent Articles

Related News

Leave A Reply

Please enter your comment!
Please enter your name here