AVAX has been trading in a descending channel since reaching its ATH at $150. Recently rejected off the top of the range (red ellipse). Be sure to watch AVAX/BTC, BTC.D, and TOTAL if you have serious money invested in this project and always do your own due diligence. Strong belief that AVAX's use case is legitimate to counter ETH's high fees, this is just...
Macro play at a much longer timeframe. Set to ramp up production this winter to meet energy needs. Projected increased revenue with oil/nat gas prices increasing. Enjoy!