A clean Broadening Formation often precedes a big move. Validate your entry.
Expanding volatility. Sign of instability.
Reversal pattern after a downtrend.
Market participants tracking Avalanche should note the latest formation. Currently at $6.28, the asset is showing downward momentum (-6.98%). Algorithmically, a Double Bottom structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $9.58, targeting $12.93 with support near $7.91 (R:R 2.0).
What is your outlook on AVAX?