$AVAX

New #AVAX✈️ Yearly High?

The daily time frame AVAX wave count is bullish. The most likely count suggests the price has just started its upward movement’s fifth and final wave. Wave three is extended, and the sub-wave count is in black.

The first target for the top of the increase is $64.77. This would give wave five 0.618 times the length of waves one and three combined. However, this would not be a new yearly high. Because of the price action, the AVAX price is likely to break above its yearly high.

So, the next most likely target is $79.69, which gives wave five the same length as waves one and three combined.

AVAX Wave Count

The daily RSI supports this bullish AVAX prediction since the indicator has generated a hidden bullish divergence (green) to end wave four.

The weekly and daily time frames are both bullish, implying that AVAX will continue its ascent and reach a new yearly high.