Avalanche | AVAX ascending channel pattern 45% potential

If we take a look on the weekly chart, we see that AVAX has been trading in what is called an ascending channel since mid January. The current weekly candle could be Doji, indicating a reversal starting as soon as next week.

Now I would like to get a bullish confirmation on lower time frames. Let's take a look.

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If we can follow the yellow pattern, I would like to see AVAX close above $81.31 first, and then I'll enter into a position once we have a correction from that impulse. Feel free to comment and ask questions. I'll be happy to help.