AVAX Coin Analysis -

The chart shows the same pattern as everywhere else. The price is falling in line with BTC and ETH. What is interesting here is that the asset is in the final stage of completing its correction.

As you can see, it is moving in the fifth downward wave which has taken the form of a terminal diagonal. Subwaves 1, 2, 3, and 4 have already established their peaks, and the current local decline belongs to the fifth.

According to the rules of wave analysis, the third wave cannot be the shortest in the impuls, so I expect the fifth subwave to end in the $19.30–$19.10 zone, from where I will open new long positions. The scenario will be cancelled if the price falls below $18.32.

Overall, the asset has very good potential. I consider the main targets to be the 1D imbalance fill zone ($25.39–$27.58) and the level with a huge accumulation of liquidity at the local maximum ($36.16) . You can start fixing futures positions earlier — it’s up to you to decide.