AVAX: It's not looking good!

5 May 2023

The current TPI value for AVAX on the mid-term TPI is currently at -0.928, the minimum value is -1:
This is super bearish. This simply means that there is a high risk that AVAX will fall to test a recent liquidity level. This could happen as altcoin dominance falls

Avax is also underperforming ETH by a lot! This could indicate that it could fall much harder than ETH if we see external market factors affecting crypto negatively



As always, please stay safe!

I've linked some ideas below, this analysis is in confluence with those!

9 May 2023

Not

I was right!:)

30 Eki 2023

Not

It got a drawdown of 50%, have rebounded, neutral - slightly bullish outlook now, analysis comming soon