(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
——
TP1 : 159 $
TP2 : 217 $
TP3 : 274 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADERÂ


MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)


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
——
TP1 : 159 $
TP2 : 217 $
TP3 : 274 $
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADERÂ


MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.