Hello Traders! CTDave here again with another price analysis chart.

Today I will be analyzing Avalanche (AVAX).

If you take a look at the daily timeframe , you can clearly see a strong support area at around ~$50 – $55. You can see it as a green line. It currently hit its support line and there is a triangle pattern forming around. Possible reversal to about ~80 – 90 USDT. Thanks for reading, happy trading!

As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these little analysis tips. Any donations of Trading View coins for help in supporting me would be appreciated! Thank you!

Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.