Fibonacci levels and Elliott wave projections of AVAX
Daily chart shows break out from a descending triangle. The water is off the well and will likely recover to earlier highs. Not only does this seem likely given the fundamental developments, this level will signal a further move up through Elliott wave pattern.
Lower, 3d chart takes the first Elliott wave as the first leg of a bigger Elliot wave. The 5th stop of the smaller wave is superimposed to be the first stop of a larger wave.
There are two projections. Shown in purple is a 'likely' (more optimistic than conservative) chart which hits earlier ATH (~$60) and traverses a 5 leg Elliott wave on fibonacci levels established by the move from $20 to $36. This points to a $88 projection
shown in pinkish red is an optimistic chart which hits earlier ATH (~$60) and traverses with a 5 leg Elliott wave on fibonacci levels established by the move from $20 to $46. This points to a $116 and $128 shown.
Remember every 1,2,3,4,5 has an ABC. Depending on the rate of growth .61 or .5 levels (of the wave that preceded the correction leg) is likely to occur.
Interoperability, high throughput, fast finality, sub-chains, and team's academic reputation will drive Avalanche's fundamentals.
Lower, 3d chart takes the first Elliott wave as the first leg of a bigger Elliot wave. The 5th stop of the smaller wave is superimposed to be the first stop of a larger wave.
There are two projections. Shown in purple is a 'likely' (more optimistic than conservative) chart which hits earlier ATH (~$60) and traverses a 5 leg Elliott wave on fibonacci levels established by the move from $20 to $36. This points to a $88 projection
shown in pinkish red is an optimistic chart which hits earlier ATH (~$60) and traverses with a 5 leg Elliott wave on fibonacci levels established by the move from $20 to $46. This points to a $116 and $128 shown.
Remember every 1,2,3,4,5 has an ABC. Depending on the rate of growth .61 or .5 levels (of the wave that preceded the correction leg) is likely to occur.
Interoperability, high throughput, fast finality, sub-chains, and team's academic reputation will drive Avalanche's fundamentals.