AVAX heads up at $36.85: key fib resistance, maybe "lower high"

28 thg 1, 2024

AVAX is approaching a Genesis fib level at $36.85.
That major fib is backed with a local fib at $36.98.
So we watch $37 closely, for clues to the next move.

Rejection here could mark a new "lower high".
But a break should jump to red zone at 42.99-44.75.
So a break of $37 will be key to uptrend continuation.

Here is the full plot of AVAX Genesis Fib:

See the "related ideas" below for more info about my methodology.

28 thg 1, 2024

Ghi chú

Looking like a rejection thus far, as seen on the hourly: Loss of minor fib at 3$35.15 was a bear sign, now watching major fib below at $ 33

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2 thg 2, 2024

Ghi chú

Playing the fib zones PERFECTLY thus far Again threatening to break out

Zoom in (15 min) and adding a fib for last bounce: possible next target is $37.25

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3 thg 2, 2024

Ghi chú

$37.25 hit, the 15 min target from last post:

the local 4.236 was actually pierced, but pulling back. Watching the local 2.618 for first possible support.

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4 thg 2, 2024

Ghi chú

local 2.618 doing its best to hold

But looking like its going to break.
Bulls got two good bounces already.
Probably the last chance here, "Strike Three"

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