Fibonaccifibberz
@t_Fibonaccifibberz
What symbols does the trader recommend buying?
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Fibonaccifibberz
Avalanche (AVAX) is displaying a classic head and shoulders pattern on its daily chart. After breaking out above the neckline at $23.46, AVAX has shown strong momentum, and a decisive push and hold above $27 would validate the reversal and open the path to the next major resistance zone between $35 and $36. This zone aligns with the technical price target derived from the pattern’s height, making $35.4 a realistic objective if bullish momentum persists and volume supports the breakout. The right shoulder in a head and shoulders pattern provides a logical reference for risk management at $18.4. This information is for educational and informational purposes only and does not constitute financial advice. Always do your own research and consult with a qualified financial professional before making any investment decisions.
Fibonaccifibberz
After a 3500% surge, VIRTUAL may retrace, with Fibonacci levels acting as potential support/resistance. Bullish divergence on the daily RSI could indicate weakening downward momentum, potentially signaling an upcoming price reversal. Watch for confirmation as buying pressure increases. Key Fibonacci retracement levels for VIRTUAL are 0.58, 0.29, and 0.146. Watch for possible pullbacks at these potential support/resistance areas. Yes, that's an Oxford comma, and no, I am not Satoshi. 😉
Fibonaccifibberz
Potential decending triangle setup on ARB. One to watch!
Fibonaccifibberz
SOL breaks above the diagnal resistance line of the decending triangle. Watch for a bounch off this line and to hit key levels or resistance at 203 and 258. If the diagnal doesn't hold, watch for support at 122.
Fibonaccifibberz
BNB likely to test these levels as it prints an ascending triangle. Could do a fakeout but one to watch for a breakout.
Fibonaccifibberz
Could we see a similar cup and handle pattern in BTC as we have seen in gold? Food for thought.
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