Technical analysis by TheCoinCowboy about Symbol AVAX: Buy recommendation (9/5/2025)

This Cypher harmonic shown in yellow is bullish because all the Fibonacci ratios align within textbook structure: XA → B retrace: 0.442 (inside the valid 0.382–0.618 zone). A → C extension: 1.138 (inside the valid 1.13–1.414 zone). B → D retrace: 0.664 (close to the ideal 0.786 zone for completion). These ratios confirm that the D point at ~24.0–24.2 represents a valid PRZ (Potential Reversal Zone). Price action already bounced from that zone and is holding above 24.6–24.7, which signals buyer defense and supports further upside. 🎯 Why Price Should Continue Up The completion at D suggests the bearish swing has exhausted, and the Cypher is now entering its bullish reversal phase. Indicators (MACD turning positive, Stoch RSI rising) confirm momentum is shifting upward. Structure shows higher lows forming within the wedge, adding confluence. 📊 Next Price Targets (Profit Zones) Target 1: 25.80 (0.236 Fib + wedge resistance) First take-profit zone. Target 2: 26.50 (mid-resistance, short-squeeze potential). Target 3: 27.00–27.30 (strong resistance, wedge breakout target). Stops should remain below 23.90, just under the D completion zone. ✅ Bottom Line This Cypher is a bullish reversal pattern. With D completing near 24.0 and confirmation bounce already in play, AVAX has strong probability to climb toward 25.80 first, then 26.5–27.0 if momentum continues.