avax weekly analys
2024-10-09

after starting an uptrend movement from 16 oct 2023 candle to 18 march 2024 we have a deep correction to the fibo 0.78 level . on this level support was done and the breaking up happened by candle 16 sep 2024. we expect that avax again test the first support line at the fibo 0.78 level and then try to break up the static resistance candle 15 july 2024. by passing through this area the taget will be again the candle of 18 march 2024 