After recent attack on avax coin the price broke down the trendline and consolidated came back to the price of reversal, but showing good buying happening again. with the help of fib extensions and pitchfork i've drawn some conclusion from recent high and lows price can go up to 70-75+ levels
comment your fav coin and lets discuss about it on the charts
On daily chart it had breakout from triangle pattern and then started consolidating in a zone
on hourly it is on support side on consolidation range and created a triangle with a breakout
om 15-30 mins there is one more side ways consolidation rectangle, after the breakout and retest we can initiate the trade
with good RR of 1:3.5 and 11 percent move...
bnb breaking out of the wedge pattern let see if it sustain the hourly candle
will take trade based on breakout and retesting 405.65 level and cross checking it whether it gives wick rejection 20 ema
the target will be followed based on ema trend following system
on daily time frame it looks like forming evening star (bearish) it can come down to 161-160 as a mean reversion of 9 ema.
4h time frame it indicates higher high, higher lows
pitchfork and fib speed resistance fan shows confluence levels at 172-160
140 could be the last major support after this level it can go sideways or bearish
240 might be possible based on...
price seems to be making wicks on lower time frame on 0.5 fib levels
150 and 130 roundoff support areas if it breaks down
will update after other structure formation
do let me know if you need any other coins update and analysis