AVAX Possible 89% Pump Alert - Key Points
Overview:
Coin: AVAX
Signal Type: Long
Timeframe: 1D
Technical Analysis:
1. Triangle Pattern: AVAX has been consolidating within a triangle for a while.
2. Support Zone: Holding strong at the Golden Fibonacci Ratio and Value Area Low (volume profile).
3. Potential Target: Trend-Based Golden Pocket 89% above the current price.
Bitcoin Dominance (BTC.D):
Push towards 62% could signal a strong Bitcoin move.
Altcoins may lag initially but benefit if BTC.D declines at the Golden Fibonacci resistance.
USDT Dominance (USDT.D):
Inverse Cup and Handle forming – a bearish pattern.
Trading above the descending channel, currently acting as support.
Altcoin Market (TOTAL3):
Expecting a strong push in altcoins in the coming days.
Trade Details:
Entry: Around $35
Target Price (TP): $66
Stop Loss (SL): Accumulate during dips#MarketPullback $AVAX