AVAX 4H CHART ANALYSIS | NEXT TARGET 75 USD

16 thg 9, 2021

Price is moving within an ascending channel (inside an ascending channel). EMA 50 acting as support at 58-60 region. Resistance at 65 has just been broken (candle closing above with large volume). Making this a great entry point. Next target is at top of channel, fibonacci level 1.618 of retracement line AB. After this targt is reached i blieve a correction wave is coming since RSIO is already in overbought region. Ultimatly price is headed for USD ( see my daily chart analysis).
Not financial advice, just my ideas. Please let me know what you think.