The last trading month on the AVAX market did not benefit investors at all. Sellers managed to implement our alternative scenario, which we talked about in the previous article. The alternative scenario was activated after the sellers broke the $70 mark. The poorly closed weekly candle of 18 April showed the complete apathy of buyers to accumulate positions in the range of $70. Thus, the trend line of buyers from September 2021 was broken and an aggressive fall wave began. The main target of sellers is the mark of $37. During the trading week of 10 May, sellers were unable to touch AVAX main liquidity zone. And it was from the $37 range that the first global correction of the cryptocurrency began in the spring of 2021. https://www.tradingview.com/x/jxadCjN9/ Given the mood in the cryptocurrency market and the sharp BTC price fall, the probability of a continued fall is quite high. So keeping your limited purchase orders in the $35-$37 range is a good idea in our opinion. However, investing in AVAX, it should be understood that the prospect of falling below $37 exists. Dividing the deposit to invest in AVAX should be divided into several parts. Below $37, the next limit purchase order should be in the $20 range. We doubt that sellers will be able to lower the AVAX price below $20 without a global medium-term correction and price rebound. Technical Analysis Of AVAX On The Daily Timeframe https://www.tradingview.com/x/NXaYojg7/ A...
