chartpattern
fundamental
trendanalysis
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-Almost oversold -Positive RSI divergence -at significant multi-year support -retail sentiment: dead -undervalued relative to Bitcoin -in a continued crypto bull market (which I expect in 2025), AVAX will rise too, my first PT is $40 (hitting the descending resistance) with the potential to go much higher
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I analysed when monthly RSI of NVO has fallen below 40, which it had in 3 cases this century. When buying at that level, it lead to significant returns of at least 500% until the next top after which it dropped to that level again.
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