AVAX / Bitcoinלונג
AVAX Possible Bullish Bounce
מעודכן
CHART SUMMARY
Binance - Weekly Candles - AVAX/BTC
CHART OVERVIEW
Fibbonaci Circles: from the centre outwards = 0.382, 0.618, 1, 1.618, 2.618, 3.618.
ANALYSIS
The price is heading towards the green 0.618 circle, this is a pivotal price point and could indicate a bullish bounce is upcoming.
CONCLUSSION
If lots of volume and a sharp rise occurs after contacting the 0.618 circle this is looking bullish, if price drops through and lingers below it's looking bearish.
What do you guys think, bullish or bearish? Personally I'm bullish based on fundamentals and price action.
*DISCLAIMER: NOT PROFESSIONAL ADVICE
Binance - Weekly Candles - AVAX/BTC
CHART OVERVIEW
Fibbonaci Circles: from the centre outwards = 0.382, 0.618, 1, 1.618, 2.618, 3.618.
ANALYSIS
The price is heading towards the green 0.618 circle, this is a pivotal price point and could indicate a bullish bounce is upcoming.
CONCLUSSION
If lots of volume and a sharp rise occurs after contacting the 0.618 circle this is looking bullish, if price drops through and lingers below it's looking bearish.
What do you guys think, bullish or bearish? Personally I'm bullish based on fundamentals and price action.
*DISCLAIMER: NOT PROFESSIONAL ADVICE
הערה
Incredible recovery from AVAX to reach a new ATH. I expect a retracement at this point to approximately 0.00115 as there seems to be a lot of support at this area, after that it could resume it's bull run, this coin could have a lot of potential.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.