Technical analysis by deepm83 about Symbol AVAX: Buy recommendation (5/11/2023)

Avaxusdt Long Opportunity BINANCE:AVAXUSDT.P appears to have bottomed out on both 4hr and 8hr chart with multiple wicks dipping into a strong support zone in the 14-15USD range, which is also coincides with the 6hr support zone seems to conclude a Elliot Wave pattern towards downside. Schaff Trend Cycle switched to bullish with bearish volume dropping, potential long opportunity if the support holds and volume turns positive on shorts profit booking and bulls taking over.