Hello, Skyrexians!
Let’s make an update on AVAX the coin with the most clear Elliott waves structure. We have some changes since our last update.
Let’s take a look at the weekly chart. We can count the growth from the bottom to the March 2024 top as the wave 1. After that we can see the flat correction ABC in the wave 2. The great sign that price has printed even 2 green dots on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] inside the Fibonacci 0.61 zone. We expect that for this asset correction is over and the next target is 1.61 extension for the wave 3. Now it’s located at $105.
Best regards,
Skyrexio Team
