🔥 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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