AVAX heads up at $43: Break could run to $69 or reject to $20

AVAX / TetherUSBinance

Description

⋅ Feb 15, 2024 2:56 AM

This is a follow up to my post linked below.

AVAX broke out of range and ran to major resistance.
At a Genesis (from birth) Golden fib plus local Golden.
This could end this particular wave, or break and run.

Drag the PRICE scale DOWN to see other zones above.
$ 43 is the immediate resistance then $49 per last high.
$ 69 above is the next Golden fib (sister of this one at 43).

Previous analysis looking for break out:

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Comment

⋅ Feb 21, 2024 1:26 AM

Rejected at $43, exactly as expected

But slammed into major fib below at 36.85

Zoom IN (21min) for a closer look at the dip

a Ping on the major fib at 36.8521.
"Ping"=Exact ricochet from fib that you can almost HEAR!

This support may fail, but we have some clues.
This fib set is still good, so watch its sisters.
Bulls are camped where they should be.

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Support and Resistance Fibonacci