Avalanche: Poised for Breakout

For Avalanche’s AVAX, we primarily expect the ongoing orange wave iii to break out to the upside from our magenta Target Zone ($13.31–$24.42). Afterward, the altcoin should clear the resistance levels at $26.83 and $49.95. Our alternative scenario remains unchanged: there is a 29% probability that a new low of turquoise wave alt.2 could occur below the $14.65 support – but still within the Target Zone – before the anticipated upward move. However, we primarily consider the “regular” turquoise wave 2 as already complete.