New ATH, room to run

AVAX has just barely claimed an ATH. It has plenty of room to run on the 4hr timeframe, but is overextended on the 1day timeframe.

Nonetheless, it has not yet reached the inverse h&s target which is toward the top of the red clouds of doom.

I do think it will break through the yellow box (supply zone), but it might need to take a breath first.

Keep an eye on Fib levels and the targets (indicated by the green arrows).

If you have bags it might be a good time to think about where you want to take profits and how far down you are willing to retrace before SL.

Note that AVAX is pretty well correlated to CRO (which just claimed an ATH and retraced hard), and BNB which I expect to also claim an ATH and follow in the footsteps of $CRO.

NFA.