AVAX price is one of the few altcoins that have ignored the broader cryptoc market sell-off
New all-time highs and a new historical all-time high closes continue
AVAX price could move another 20% higher before facing meaningful resistance
AVAX price isnât done with its current bullish expansion phase. At first glance, the oscillators indicate extreme overbought levels in the Relative Strength Index and regular bearish divergence in the Composite Index. However, those levels hint at continued movement higher as opposed to lower
In a scenario where the Relative Strength Index moves from 80 to 90, the most common behavior traders will likely see a âblow-off top.â AVAX price would flash-spike higher and hit the 100 Fibonacci expansion at $120 â where it will likely find some selling pressure. There is a possibility that the âblow-off topâ could extend even higher to the 161.8% Fibonacci expansion at $165
Strategy: Any weakness is a buying opportunity. We now see AVAX climbing to at least $150 in 2022
On 19 Sep We Alerted That AVAX Would Surge. Watch Full Video: https://youtu.be/Z6ALxQaONYg
AlgoTrader 