AVAX Signal with Inverse Head and Shoulders and Targets
2024-11-06

📉 AVAX (AVAX) Buy Signal with Inverse Head and Shoulders Pattern and Elliott Wave Analysis – Identifying Entry Points with Attractive Price Targets

Hello, dear traders! Technical analysis shows that an inverse head and shoulders pattern has formed on the weekly AVAX (AVAX) chart. If the neckline at $31 is broken, it could confirm the start of Wave 3 of 5 in Elliott Waves, signaling a powerful upward move.

🕰 Previous Wave Movements of AVAX:

Wave 1: AVAX started its rise from $8.5 in September 2023 and reached $69 in March 2024.
Wave 2 (Correction): The price then corrected to $16.5, completing the Wave 2 of 5 Elliott Wave, ending around July 2024.
Wave 3 Start: Now, with the breakout of the inverse head and shoulders pattern, we expect the third wave to begin with strong bullish targets.
🎯 Entry Strategy and Targets: ✅ Entry Point: After breaking the $31 level
🚀 Target 1: $130 (about 300% profit)
🚀 Target 2: $450 (about 1300% profit)

📌 Note: Always focus on proper risk management and planning. Best of luck and happy trading, dear friends!