My analysis is a simple one.
Avax rallied down to about $52 on the upward TL and bounced back to FIB 61.8 that is currently acting as a support zone.
My target resistance zone will be between $75 - $80 which happened to be where 50 FIB is resident currently. If the market breaks out of this resistance zone, it may see a higher figure in price.
IN ALL:
look closely at the TA and you will be able to read my mind. the 3 arrows are likely events that may happen to Avax
Comment:
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Comment:
My $75 TP has been achieved.
Comment:
$80 TP also achieved