I think Wave B is now over and Avalanche is set to resume moving lower.
We are looking at a Zig-zag correction.
➖ Wave A is the first drop while wave B is a lower high compared to the start of wave A.
➖ Wave C should end the correction and finish as a lower low compared to wave A.
➖ Trading volume continues to decrease;
➖ The RSI already peaked;
There is potential for lower prices.
See the "Related ideas" below for additional information on this bearish move for Avalanche (AVAXUSDT).
Needless to say, we are short for the duration of the bearish wave.
Namaste.
We are looking at a Zig-zag correction.
➖ Wave A is the first drop while wave B is a lower high compared to the start of wave A.
➖ Wave C should end the correction and finish as a lower low compared to wave A.
➖ Trading volume continues to decrease;
➖ The RSI already peaked;
There is potential for lower prices.
See the "Related ideas" below for additional information on this bearish move for Avalanche (AVAXUSDT).
Needless to say, we are short for the duration of the bearish wave.
Namaste.
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🚨 TOP FREE Trades
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.