Ranging:
Support: $1.9 to $2
Pivot: $2.45 to $2.5
Resistance: $3
Price is at PoC of Volume Profile
........
Bulls aiming for Breakout and Retest above $3 to lead towards Target Price $5
Bears aiming to Breakdown and Retest Failure of $2 support Band. Bears logical target are the Weekly MA50 at $1.20 and MA200 at $0.75
.......
Neutral stance. Expect...
Although Higher Time Frames have painted an altered Head and Shoulders Top. Yet the Support Baseline is holding firm.
The Right Side of Head has printed a Decending Triangle. And yet again the Support Band has held firm.
Currently the price is consolidating between a Decending Channel.
Movements fluctuations due to Earnings and Dividends.
A Bullish Three...
Scenario 1:
49,000 to ATH - 0.50 FIB Retracement has provided support. Light Green Rising Trendline can provide critical support for Hyper 🐂 path drawn in Orange. Towards Fibonacci Extension Target of 124,000.
Major Hurdles ahead are:
Selling Order Block and Resistance at 92,6000 and Volume Profile PoC at 95,000. Which once broken, can SnR flip to lead towards...
2022 Bottom at 15600 started a Elliot Penta Wave Upwards. Reaching Wave 5 Top at 109,600.
ELLIOT CORRECTIVE WAVE has begun:
X to A Leg = 109,600 to 76,600 (Which was also a Bullish FVG and Fibonacci Golden Zone Retracement of Wave 5).
A to B Leg = 76,600 to 91,000/92,000 (Bearish Fibonacci Golden Zone) - SELL
B to C Leg = 92,000 to 60,000/58,000
Bullish Falling Wedge Breakout and Retest Projection for AVAX. Bullish News of Grayscale and Franklin Templeton ETFs circulating.
3 weeks of Accumulation at Buying Order Block.
Bullish Change of Character with $23 to $24 as ideal structural retest Buying Entries.
PoC on VP at $36
Falling Wedge top at $41
Bullish Falling Wedge Breakout and Retest Projection for AVAX. Bullish News of Grayscale and Franklin Templeton ETFs circulating.
3 weeks of Accumulation at Buying Order Block.
Bullish Change of Character with $23 to $24 as ideal structural retest Buying Entries.
PoC on VP at $36
Falling Wedge top at $41
