AVT bull flekk

Target of flag is 5usd which lines up with the 4.25 ext of the 1st wave and approximately top of bullish channel.

Stop loss below last structure high / (trailing) below parallel baseline

Note

Looks like the correction leg was a little bit overextended this time. Unlike before, AVT had some correlation with BTC suddenly, which is an important aspect to be watching in the future.
There is not much data to do TA for. So we cannot be sure if AVT is in a bulltrend or a chop. But the RSI gives confirmation for the bulltrend by maker a higher high together with the price and the Stochastic is showing a hidden bull aswell. I am still holding with average buy in at 3.83. I will probably sell if it breaks the last support with convincing volume

Order cancelled

As you can see, the correction is taking a really long time. It could be either a trendreversal or it could also be that AVT is actually in a sideways pattern. There is not enough data to tell, so its dangerous to make assumptions about trends right now.

The pitchfork is the bullish possibility, so if it breaks the last line of the pitchfork, we are definately in a sideways pattern or a downward trend. I sold my coins because
1. the huge amount of selling (relative to buying) that is taking place on the orderbook
2. The uncertainty of the trend (might aswell be a long term sideways trend).
3. Team is not really active, and it might take a long while before they manage to get real things done. Hence, the sideways possilbity.

IF the coin breaks ATH again, i'll consider looking for buying oppertunities. Untill then i dont want anything to do with it.

RegideTrader

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RegideTrader

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