The Trust Layer for Market Analysts

The video presents a technical analysis of AVAXUSD, exploring various wave structures and potential scenarios. The analyst suggests that a B-wave potentially bottomed in June, with the current price action potentially forming a C-wave. Concerns are raised about the 'messy' structure, making identification of a clear five-wave move difficult. There's a consideration that a major top might have formed, requiring a break below structural support levels for confirmation. The analysis discusses wave counts, the possibility of a diagonal pattern, and a shifted A-wave scenario. The analyst points out that Invalidation of a bullish ABC structure if it dips to around 20.50. Key support for the wave B is seen around 21.61, a breach over 26 suggests bullishness.