AVAX Macro Outlook

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On the macro perspective, AVAX has broken out of the falling wedge and rallied quickly to the upside into a LTF ascending triangle. After breaking out of that and deviating above the 9 EMA in orange, this upper limit of the ascending triangle is being retested, should this level become support AVAX will look very bullish.

However, If BTC breaks down at key support alts could also suffer and AVAX would be one of those alts.

Not financial advice