AVAX, is expected to form a head and shoulders bottom pattern.

The following are machine translations:

In the 4-hour chart, the right shoulder is currently rebounding after forming a double bottom support near 16, which is bullish.
The fast and slow line of the indicator macd runs above the zero axis, and the energy column shrinks below the zero axis and leans toward the zero axis, showing a bullish trend. The RSI indicator is currently rushing above the neutral 50, a bullish range.
In operation, the head-and-shoulders bottom pattern and indicators are bullish, wait for a long break of the neckline, and look at the vicinity of 22.