AVAX has kept up and should have stopped taking profits by now.

#跟着驰哥学交易 @Crypto127

AVAX

Above the rising trend line, the 4HMACD fast and slow lines are both above, and the current trend is bullish.

This round of rise can be seen as starting from the volume breakthrough resistance at 39.8, and the Fibonacci sequence is used to measure from here to the highest point.

It is obvious that there is support for callbacks at both 0.5 and 0.618. In particular, 50.63 at 0.5 has been tested multiple times and can be regarded as effective support.

When the price is close to 51.67 (multiple flat tops) - 50.63 again, it is a price worthy of opening a long position.

Stop loss if it falls below 47 of 0.618

Take profit after seeing the previous high of 61.45