✴️ Avalanche Wave B Is Over, Set To Move Lower
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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