AVAXUSD 🩸 Long: Above $42.50, targeting $46.00 and $48.00. 🩸 Short: Below $40.00, aiming for $38.00 and $33.00.
🩸 Resistance: $42.50. 🩸 Support: $40.00.
🩸 Analysis: AVAX is testing $42.50 resistance, with MACD showing early bullish signs. A breakout confirms momentum, while losing $40.00 could trigger further selling.
AVAXUSD As BTC continues its price discovery, I don't expect AVAX to make any major moves (even with Etna upgrade). We seem to be trading between the .5 and .618 fib zone for now.