AVAXUSDT Update -17.02.22
Updated
Analysis
Trade safe, due diligence is a must!
- This is a follow up on the AVAXUSDT analysis posted earlier. There is a strong resistance around the yellow region, as expected. Pulling a fib retracement from the purple line down to the beginning of wave one will indicate a golden pocket right around that area.
- I'm inclined to believe this indeed is a motive wave and is complete. The next step would be a correction, which is likely to retrace to at least 0.618 fib level(purple area) and is obtained by pulling the fib retracement from the very end of wave five down to the beginning of wave one.
- No hasty decision in determining where the correction is likely to end, no data as of yet.
Trade safe, due diligence is a must!
Trade closed: target reached
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