$AVAX
Alright, let's talk about the black lines on this chart, specifically the "Bat pattern."
So, you see those black zigzag lines? They're showing a specific pattern that's often called a "Bat." What this pattern basically tells us is that after the price moved from 'X' to 'A', then 'B', and then 'C', it's now hit 'D'.
The important part about 'D' in a Bat pattern is that it's typically where we expect a reversal to happen. So, after that recent upward push to point 'D', the pattern is suggesting that the price is likely to turn around and head downwards from here.
See that red arrow pointing down? That's the expected move following the completion of this "Bat" pattern. It's a signal that things are probably going to reverse course.