The video discusses the current state of Avalanche (AVAX) in the cryptocurrency market, focusing on its recent price movements and potential future scenarios.
The video covers AVAX’s performance on the one-hour, one-day, and one-week time frames, noting its 8.5 percent rise in price from Monday through Friday. Technical analysis is applied, including considerations of smart money concepts and chart patterns, to identify potential price movements. The fair value gap from a previous drop is highlighted, which could potentially be filled. Stochastics indicators are also discussed, indicating overbought and oversold conditions.
Potential Future Scenarios
The video explores two potential future scenarios for AVAX:
- Short-term: AVAX could drop to levels between $7.80 and $6.06.
- Long-term: AVAX could experience a 100x return in the next bull market, with target prices ranging from $156 to $660.
Please note that the information presented in the video is for informational purposes and does not constitute financial advice.