(AVAX) AVALANCHE - DIRECTION 274$ ? 🤔

Hello everyone !


Today the Black Cat Trader is analyzing AVAX based on a 3D chart 📈


What we can see :

- AVAX just hit the 1.618 (trend based fib extension) and right now prices are trying to break the intermediary upper line of the pitchfork which act as a strong resistance.
- We can identify a divergence on the RSI which could tend to a small correction, or simply a range to come.

What we can expect :

1. If AVAX manages to break the intermediary upper line of the PF, we can expect prices to reach the upper levels (2.618 / 3.618 / 4.618). The last target would be the upper and last line of the pitchfork.

2. If AVAX failed to break the intermediary upper line of the PF, then prices could take support on the duo Tenkan / kijun or directly on the uptrend line (white).


Resistance : Intermediary upper line of the pitchfork

Support 1 : Duo Tenkan / Kijun
Support 2 : uptrend line

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TP1 : 159 $
TP2 : 217 $
TP3 : 274 $


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