#tradeoftheday
#CryptoBuyZone #FOMCMeeting #MarketRebound
📉 1. Is AVAX ultra-oversold?
AVAX’s RSI (14-day) is currently around 41, well above the <10 threshold, and not in extreme oversold territory tradingview.com+14investing.com+14ccn.com+14.
🧱 2. Fibonacci Levels & Accumulation Zones
Weekly chart shows AVAX retesting the 0.786 Fib level at ~$16 — a potential accumulation area following a falling wedge breakout tradingview.com+12ainvest.com+12blockchainmagazine.net+12.
If $16 holds, possible retracement targets are:
$26.78 (0.382 Fib)
$32.36 (0.5 Fib)
$37.94 (0.618 Fib) marketmilk.babypips.com+10ainvest.com+10blockchainmagazine.net+10
Additional resistance lies near $18.77, marking the 0.382 retracement from $22.50 → $15 marketcharts.com+15cryptorank.io+15ainvest.com+15.
📈 3. Bullish Technical Patterns
AVAX broke out of a weekly falling wedge, then returned to retest ~$16 support — bullish continuation setup marketmilk.babypips.com+11ainvest.com+11ccn.com+11.
On daily charts, AVAX is forming an ascending triangle, approaching resistance around $25–30, with Fibonacci 0.618 also near ~$30.45 beincrypto.com+3ccn.com+3coinmarketcap.com+3.
🛒 4. Where to Buy AVAX
Centralized Exchanges: Binance
Choose based on convenience, fees, and custody preferences.
🌊 5. Riding the Next Wave
Zone / TriggerActionTargetRetest near $16 (0.786 Fib)Consider entry if strong support and bullish candle closePotential rebound startBreak above $18.77 (0.382 retracement)Confirmation of bullish momentumAim for $26–$30Ascending triangle breakout ($25–30)Enter or add on breakout with volumeFirst: $35; Extended: $37.9–40+Stop-lossBelow $15.50–$16 retest zoneRisk control
✅ Summary
RSI is not below 10, so AVAX isn't ultra-oversold—but technicals show healthy structure.
The $16–$18.8 range (0.786–0.382 Fib) is a key accumulation/trigger zone.
Watch for breaks above $19, then triangle breakout around $25–30 for strong upside potential (~$35+).
Stop-loss under $15.50 is recommended to manage downside risk.