The analysis focuses on AVAXUSD using the Coinbase chart. The analyst identifies a bull market support zone between $12.53 and $16.85. A sharp decline occurred on Friday. The price action is within a corrective price channel. The bulls need to push the price above the first trendline at $36 and then target the $44-$45 area. The analyst notes a lack of impulsive upside movement and cautions that three-wave movements don't indicate a trend. The rally from the August low was a three-wave move, as was a subsequent move up. Key support is around $14.67. Below $12.50, the analyst sees nothing bullish left for the chart.