AVAXUSDTBINANCE:AVAXUSDT
it seems we've formed a bullish trend with three upward waves and created an ascending channel on the daily timeframe. After the wave C, we experienced a downward move, breaking the bottom of the ascending channel. Additionally, we now have a bearish divergence between the highs A and C and the current situation finds us standing at the previous B bottom before wave C.
So If we break this support we might head towards retesting the $20 support
or retesting the descending channel between the price range of $42 to $43.
to see what unfolds.