AVAX is being rejected from the $50 area and is heading towards the $40 area, which is a critical support area and it could rally to the $50 region again and even the $80 region by mid-September. But what if it If it continues to lose the $40 zone, it will fall back to the $30 zone

🔴Buy : 39-41$ if A. SL if B 🔴Buy : 48.8-51.2$ if A. SL if B
🔴Sell : 48.8-51.2$. SL if A 🔴Sell : 78-82$. SL if A
🔵Sell : 39-41$ if B. SL if A 🔵Buy : 29.3-30.7$ if A. SL if B
📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of 1-day candlestick is Above the zone 🅱️B : The Close price of 1-day candlestick is Below the zone

  • Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.
  • The Avalanche network confirms transactions in under 1 second, supports the entire Ethereum development kit and enables millions of independent validators to participate as full block producers due to its unique architecture.
  • Avalanche has two consensus engines at launch:
    • Avalanche: A DAG-optimized consensus protocol - high-throughput, parallelizable, and simple to prune.
    • Snowman: A chain-optimized consensus protocol - high-throughput, totally-ordered, and optimized for smart contracts.
  • AVAX, the native tokenof Avalanche, is used for:
    • Peer-to-Peer (P2P) value transfer.
    • Staking and securing the network.
    • Pays for operations, computation and storage.
    • Creation of new blockchains and subnetworks.