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AVAX: Thoughts and Analysis, potential low discussion.

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Avalanche (EIGHTCAP:AVAXUSD)  
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EIGHTCAP:AVAXUSD   Avalanche
Trend Analysis Chart Patterns Technical Indicators fibbonachi retracement avalanche avax AVAXUSD cryptomarket cryptotrading techincalanalysis priceaction
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trendanalysis chartpattern indicator fibbonachi retracement avalanche avax avaxusd cryptomarket cryptotrading techincalanalysis priceaction

Today's focus: AVAX

Pattern – 50% Fibbo, HL low analysis.
Support – 29.22
Resistance – 33

Hi, and thanks for checking out today's update.

Today, we are taking a look at AVAX (Avalanche) on the daily chart. Looking at price with a Fibonacci retracement tool on the chart, we can see that price lines up at the 50% point. This point also lines up with a previous high. We discuss the significance of the 50% Fib point and when price lines up with previous highs in today's update.

We have also run over what we are looking for to start calling a confirmed low and continuation. Signs are building, but buyers still have some work to do.

Good trading.
Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.