The second attempt by buyers in two months to take control of the $100 mark ended in failure. A striking example of this was the new local fall wave during the trading week on 4 April. In a week, sellers with low volumes were able to absorb the results of buyers for the previous two weeks. The lack of decent resistance and interest from buyers threatens to continue to fall the AVAX price to $70. The test of this mark will determine the further medium-term AVAX price movement. https://www.tradingview.com/x/bj9vCziC/ The fact is that this mark shows the trend line of buyers, which they have been keeping since September 2021. The main task of this trend line is not to allow sellers to organize a deep correction in the AVAX market. From September 2021, we see that buyers are fulfilling this task, but it becomes difficult for them to conquer new local highs. Therefore, the manifestation of the weakness of buyers near the mark of $70 will mean a high probability of continuing to fall to $55. The final target of such a fall wave is $37. At the moment, this is an alternative scenario, as the critical points are now under the power of buyers. However, given the behavior of Bitcoin, such a scenario should be kept in mind. Technical Analysis Of AVAX On The Daily Timeframe https://www.tradingview.com/x/mTry2U39/ Analyzing the movement of AVAX prices on the daily timeframe, you can see the prejudice of sellers. A new wave of fall in the ma...
