Technical analysis by pasa0661 about Symbol AVAX: Buy recommendation (4/5/2024)

I examined the daily chart of Avax. I didn't count the waves on the left.. The peak, i.e. $148, needs to be 5 within itself so that its decline is almost the same.. So the peak cannot be 3 in any way. Either 1 or 5.. There's no possibility of it being 1, but I wouldn't expect it to make such a deep correction.. Moreover, even if the decline from the peak is the 2nd wave, it is confusing that it corrects for a long period after the end of the wave. That's why there is a high probability that the correction will make 5 waves... Otherwise, it would have to rise directly to the 3rd wave. As a result, the probability of a second wave falling from 148 dollars to 9 dollars is something like 10%. So I bought the bottom for $9-10 and the result was incredible. There is a very nice wave of impulse here. Subsequently, it does not start to increase directly as we move from the 2nd wave to the 3rd wave. In short, one more inner fractal zigzags. Therefore, the 3rd wave is prolonged. The yellow inner fractal zigzag will form the green 5, while the green 5 will form the turquoise main 5. As a result, it is currently at 46 dollars, my expectation is around 295 dollars...