AVAX / TetherUSLong
🔥 AVAX More Potential Up-Side: Areas To Watch
Over the last week or so, AVAX has been on a tremendous run, catching the eye of virtually all crypto investors.
As we speak, AVAX is facing a moment of consolidation and profit-taking. After hitting $50, the price has already declined over 15% in not even half a day.
Assuming BTC will remain bullish in the short-term, I think that AVAX will grow further and make a new all-time-high soon.
As drawn on the chart, the first Fibonacci retracement level lines up perfectly with the three tops from March-May. The area around $40 is the first reversal area.
In case the first reversal area doesn't hold, I'm looking at the second reversal area around the 0.618 retracement level, which is around $30.
Happy trading!
As we speak, AVAX is facing a moment of consolidation and profit-taking. After hitting $50, the price has already declined over 15% in not even half a day.
Assuming BTC will remain bullish in the short-term, I think that AVAX will grow further and make a new all-time-high soon.
As drawn on the chart, the first Fibonacci retracement level lines up perfectly with the three tops from March-May. The area around $40 is the first reversal area.
In case the first reversal area doesn't hold, I'm looking at the second reversal area around the 0.618 retracement level, which is around $30.
Happy trading!
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🔥Premium Signals: fierytrading.com
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.