Technical analysis by Yazirazlamtrader about Symbol AVAX: Buy recommendation (12/1/2024)

HI Everyone,Avalanche is lagging behind the L1s but i think its time for Avalanche to shine.Fundamentals are good chart looks good.The good sign with avax is that on 3day macd, it has done a bullish crossover above 0 which to me is a good early sign.The trendline needs to break with momentum meaning body closure above 50 dollar would spark more volume into Avax.The highlighted dips buying opportunities have been mentioned.Targets are at 1:1 extension and 1.27 extensionThe channels breakout generally lead to a strong rally as you can see in previous channel breakoutJust charting no financial adviseEnjoy the ride and buy above 50 and watch for momentum failure to exit in worst caseBest of luck