Avalanche (AVAX), praised for its high throughput and scalability, is the focus of our analysis today. The focus is on AVAX's price prediction for the near future. In this article you will find a technical analysis from our premium environment.
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Technical analysis Avalanche Price (AVAX).
Crypto Insiders analysts recently prepared a new analysis for Avalanche in the premium environment. They highlight the following points:
“In our recent analysis of AVAX we saw an interesting move. After a decline that narrowly missed the 100% Fibonacci level, we saw strong rejection on high volume.
This suggests the formation of a possible inner wave structure that could take AVAX to new local highs. Based on these developments, we have set a green buy zone around $35.
We will personally consider buying AVAX here as we expect a significant increase. However, for our risk management it is important to set a tight stop loss at $31.
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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.
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