This is one of the scenarios that I bias the most. I saw this big move down since 2021 as a wave2 and see this correction as an elongated flat correction. Right now I think that there is still a chance for AVAX to have a new low because the smaller degree c wave of this correction have another downward move to finish it 5 waves move. In my opinion, however, I saw that the fifth wave of the mentioned 5 waves move down is going to be truncated because wave 4 of it has retrace more than 38.2% of wave1+3 combined.