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
Comment
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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.
AVAX hits the 2.618 fib circle. incredible gains made here, most likely a correction of some sort to come.
cmpkpersonal
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AVAX fell much further than expected. Right now, the price is sitting on the inner 0.382 circle. A bullish outcome would involve a push above the circle, closing the week above 0.00102. Very bullish would be closing above 0.00117.
cmpkpersonal
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The day or week is not over but the price has dropped fairly deep into the green 0.618 circle. So far it's bearish but it's early days.