AVAX DAILY CHART ANALYSIS | GOING FOR 100USD

16 thg 9, 2021

Price is moving within an ascending channel with support at the 58-60 region. Looks like we might be on the 3rd elliot wave. Also, the top of the channel is coinciding with fibonacci 1.618 level making it a probable target to aim for. The only obvious sign of a bearish revesal is the bearish divergence found on the RSI. However every other signal is showing a healthy bullish movement accompanied by increasing volume. Therefor I believe price will continue moving up, peaking at around 100 usd.
Please stay tuned for additional analysis on 4H chart for possible retracement/ entry.

Not financial advice, just my ideas. Please let me know what you think.