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.

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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:

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