strong buy
Avax Shows Potential to Continue Growth After Correction
Let's briefly discuss #Avax.
The market scenario appears to suggest a TDP pattern — a triple touch formation. Currently, there's a bearish divergence on a local level, with positive momentum building on the m3-m5 timeframe. Additionally, a liquidity compression zone is beginning to form beneath, along with an unclosed IMB, pointing towards an approach to the FTA area.
In the context of POI, the zone mentioned is relatively weak, functioning as an OB situated precisely at 0.5 IMB (the equilibrium) at $22.9-$22.7. I do not anticipate a strong reaction there, and a micro sweep of this zone also looks feasible, similar to the analysis for #bch.
However, there is an OB zone from $22.56 to $22.2 below, where I personally expect the conclusion of a correction wave and a continuation of growth, confirmed by further signals.
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AI Analysis
The current analysis of Avax suggests that the market is in a transitional phase, exhibiting a classic pattern that often leads to a continuation of the trend. The TDP pattern, characterized by three ...
AI Recommendation
Investors should watch the support zone between $22.56 and $22.2 for signs of reversal or strength, which could validate the continuation of the bullish pattern. Given the current setup, it might be p...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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strong buy