A clean Diamond often precedes a big move. Validate your entry.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Market participants tracking Avalanche should note the latest formation. Currently at $8.95, the asset is showing upward momentum (2.21%). Algorithmically, a Diamond structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $8.43, targeting $6.35 with support near $9.47 (R:R 2.0).
What is your outlook on AVAX?