The Future of AVAX: Avalanche Elliott Wave Technical Analysis and Price Prediction for 2025
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00:00Okay, I mean, for the AVEX chart, I see three main scenarios, and that's where it's getting tricky.
00:08This is the larger time frame chart.
00:10So the problem is that on this chart, we've basically spent a long time here in this kind of range.
00:19But the market is still holding above bull market support.
00:22So that's represented here by this 1250 to 1675 support area.
00:27And the pullback from the March high 2024 has been clearly a corrective pullback.
00:33So generally, I'm still watching for higher prices.
00:38I think the yellow scenario is very likely.
00:42Looking at, you know, markets are dynamic, but looking at the market environment at the moment, I think we can say this is an A wave, this is a B wave, and then the C wave could take us to around about $90.
00:53The 100% extension, or let me actually check if that's the right projection, or do I need to adjust it?
01:00No, it's fine.
01:01So around about $90, there are two levels that overlap there, the 100% extension and the 78.6% retracement.
01:08So, you know, we might get there in the 100% or in the yellow scenario to that 100% extension target.
01:16What needs to happen?
01:17We need to break above the last swing high from December around $56, because as long as we stay below that, the market might take a direct pathway lower in the blue scenario.
01:27Once we have topped here in the blue wave to corrective rally.
01:31So that's possible.
01:32It's possible that this is like a 1-2, 1-2 set up to the downside, and we break down like that.
01:38But the proportions don't really align for that so well, and we're still holding above support.
01:44So I think the yellow count in which this move down was an A wave, and we're now moving up in an ABC structure in a B wave.
01:51It's very realistic.
01:52And then we come down in wave C.
01:54And then if we get some clarity that we're in the yellow count, we could also think about the white count, where this is a 1-2 setup, and we can move towards $300 plus or so.
02:05But that would be, in my view, very speculative.
02:10And it's something on the chart.
02:12You see that C wave is up there somewhere.
02:15But for now, I think it makes sense to kind of be ready for the blue count.
02:20But as long as support levels are holding, the yellow scenario has a chance to take us to around about $90.
02:27That's sort of, as long as Bitcoin is bullish, I think this is realistic.
02:32But I can tell you, if we see any impulsive movements to the downside from here, then it would likely be the blue count.
02:37So it might be worth being carefully optimistic, while being mindful that any impulse down really shouldn't happen now in any bullish count.
02:50If we see any impulse down, it might be the third wave to the downside in blue.
