Avalanche - Long Term EW-Analysis

This chart represents our primary long term expectations for Avalanche. 

Avalanche (AVAX) has completed a yellow degree wave 1,2 structure. Since the beginning of 2024, the market has developed a lower-degree green degree wave 1,2, which serves as the impulse foundation for the ongoing green wave 3 within yellow wave 3.

We have identified two Fibonacci target zones for this progression:

• First target zone (green wave 3):
  Price projections range between the 161.8% extension at $107 and the 261.8% extension at $164, where green wave 3 is expected to complete. This will likely be followed by a corrective green wave 4, and subsequently a green wave 5.
• Second target zone (yellow wave 3):
  Upon completion of the green impulse, yellow wave 3 should extend further into the 161.8%–261.8% range, with targets from $247 up to $394. This area marks the anticipated termination of wave 3 in yellow. 

Trading Plan:

We recommend to be patient until price rises above the line in neon green to confirm our analysis. In our Mid-short term analysis, we provide you with a more detailed analysis and new potential buy opportunity’s. 

This outlook reflects our primary expectation for Avalanches long-term performance. Always ensure that you review our long-term projections first before moving on to our mid- and short-term Elliott Wave analyses.