AVAX appears to have a little bit of strength in this recent sell off. The fundamentals are there so its not out of the question to see some rotation into this coin. The moving averages are all positive, but I personally rely on the fibonacci's for my support and resistance. I do like to use the 9-MA (white line) as a guide for trend, it seems pretty consistent across the board to me. Our real test is breaking that neckline at $125, expect some turbulence along the way. Happy trading!
Comment:
Well clearly this took another turn. Sometimes that's just how it goes. Great opportunity for some portfolio longs.
