$AVAX PRICE FORECAST | IS $150+ POSSIBLE? | CRYPTOPATEL
#AVAX Is Forming A Elliott Wave Structure On The Weekly Chart Inside A Massive Multi-Year Descending Channel Since The 2021 ATH.
After A 95%+ Cycle Correction, Price Has Completed Wave 1 At $5.67 And Is Now Transitioning Into An Early Wave 2 Recovery Phase - A Critical HTF Inflection Point.
Market Structure Suggests Smart Money Accumulation At Macro Support.
Current Technical Structure:
✅ Wave 1 Completed At $8-$5 Macro Bottom
✅ Trading Inside A Long-Term Descending Channel
✅ Clean Bearish Breakdown + Retest Of Lower Trendline (Deviation Setup)
✅ Liquidity Sweep Into Weekly Demand Zone ($8 – $7 Area)
✅ Fractal Structure Mirroring Previous Cycle Compression
Key Confirmation Signal: Sustained Weekly Strength & Expansion Back Toward Mid-Channel Resistance.
CryptoPatel Targets: $33 → $58 → $97 → $147
Potential Expansion Toward Channel Top If Elliott Structure Plays Out Into 2026–2027.
From The Bottom To TP4 = ~2,489% Expansion.
Bullish Bias Remains Valid As Long As: $AVAX Holds Above $5.50 On Weekly Last Support.
Invalidation: Weekly Close Below $5.50 (Wave 1 Low)
This Is A High Timeframe, Patience-Based Setup With Asymmetric Risk-Reward - Best Suited For Spot Accumulation & Long-Term Holders.
TA Only. Not Financial Advice. Always DYOR.