Avalanche (AVAXUSD) has broken out of a falling wedge pattern on the weekly timeframe, signaling a potential shift from bearish consolidation to a bullish continuation phase. The breakout is a strong technical signal often associated with trend reversals.
Using Fibonacci extensions from the breakout base, I’ve mapped out 4 critical target levels:
Target 1: 0.618 Fib – first major resistance after breakout - 94.18
Target 2: 0.786 Fib – deeper retracement and strong reaction zone - 117.41
Target 3: 1.272 Fib – full extension, potential profit-taking point - 184.61
Target 4: 1.618 Fib – aggressive upside target for extended rally - 232.46
These levels align with historical price structure and may act as magnets for bullish momentum if volume confirms the breakout.
Using Fibonacci extensions from the breakout base, I’ve mapped out 4 critical target levels:
Target 1: 0.618 Fib – first major resistance after breakout - 94.18
Target 2: 0.786 Fib – deeper retracement and strong reaction zone - 117.41
Target 3: 1.272 Fib – full extension, potential profit-taking point - 184.61
Target 4: 1.618 Fib – aggressive upside target for extended rally - 232.46
These levels align with historical price structure and may act as magnets for bullish momentum if volume confirms the breakout.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.