AVAX/USDT Chart 18/03
The Bullish scenario played out as expected (if you want you can take a look at my previous analysis), as we managed to break out at 32.6, then AVAX went back to retest the area around 31 and apparently found support there.
After that, it rose up again, broke past 32.6 once more and after some fluctuations it looks like it managed to turn it into a new support.
The next target is at 34.4 and breaking past it would be a sign that AVAX may have found new strength to aim for higher highs above the 40 area.
I also drew an arc projection (in purple) to check on the possible trajectory for this next uptrend. It looks like AVAX is forming a good looking cup which may bring it to retest the previous ATH around 60.2.
Some interesting areas I found (mainly through Fib retracements and previous interesting levels on the chart) are at 42, 44.4 and 54.7, what values are you guys watching?
After that, it rose up again, broke past 32.6 once more and after some fluctuations it looks like it managed to turn it into a new support.
The next target is at 34.4 and breaking past it would be a sign that AVAX may have found new strength to aim for higher highs above the 40 area.
I also drew an arc projection (in purple) to check on the possible trajectory for this next uptrend. It looks like AVAX is forming a good looking cup which may bring it to retest the previous ATH around 60.2.
Some interesting areas I found (mainly through Fib retracements and previous interesting levels on the chart) are at 42, 44.4 and 54.7, what values are you guys watching?
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