AVAX heads up at $36.85: key fib resistance, maybe "lower high"

28 בינו׳ 2024

AVAX is approaching a Genesis fib level at $36.85.
That major fib is backed with a local fib at $36.98.
So we watch $37 closely, for clues to the next move.

Rejection here could mark a new "lower high".
But a break should jump to red zone at 42.99-44.75.
So a break of $37 will be key to uptrend continuation.

Here is the full plot of AVAX Genesis Fib:

See the "related ideas" below for more info about my methodology.

28 בינו׳ 2024

הערה

Looking like a rejection thus far, as seen on the hourly: Loss of minor fib at 3$35.15 was a bear sign, now watching major fib below at $ 33

.

2 בפבר׳ 2024

הערה

Playing the fib zones PERFECTLY thus far Again threatening to break out

Zoom in (15 min) and adding a fib for last bounce: possible next target is $37.25

====================================================================================

.

3 בפבר׳ 2024

הערה

$37.25 hit, the 15 min target from last post:

the local 4.236 was actually pierced, but pulling back. Watching the local 2.618 for first possible support.

==============================================================================================

4 בפבר׳ 2024

הערה

local 2.618 doing its best to hold

But looking like its going to break.
Bulls got two good bounces already.
Probably the last chance here, "Strike Three"

==============================================================================================

.