without_worries

Avalanche (AVAX) to $400 / 22x

Long
BITFINEX:AVAXUSD   AVAX / Dollar
On the above 3-day chart price action has corrected 90% since the sell signal back in November. A number of reasons now exist to be bullish , including:

1) A ‘incredible buy’ signal.

2) RSI resistance breakout.

3) Price action confirms support on Fibonacci 0.786 as measured from the July 2021 low.

4) Dragonfly DOJI candle prints on 2-day chart (not shown here).

Why $400? Very simple, the previous cycle top was predicted perfectly @ $120 by the Fibonacci 1.618. Repeating the extension takes the market top prediction to $400, see chart below.

Is it possible price action falls further? Fur sure.

Is it probable? No with bells on.

Ww



Fibonacci target
Trade active

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Allow 3-6 months on ideas. Not investment advice. DYOR
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