✴️ Avalanche Set To Drop Followed By More GREEN
Updated
The RSI peaked 12-November for AVAXUSDT (Avalanche). The next high produced the first bearish signal in the form of a bearish divergence with the RSI.
➖ AVAXUSDT hit a very strong new high (higher high) while the RSI hit a lower high yesterday.
Volume has been dropping since mid-November.
Today volume is really high but obviously red. If the day were to close green and a new high, it can signal additional growth but this is unlikely, seeing that the entire market is already in correction mode.
➖ It is still early, but caution is advised at this point.
In the short-term or medium-term, a correction can develop and this is normal and when we compare it to late September we will most likely get a higher low. Which means that the bullish trend, bias, long-term remains intact.
And so, this pair can enter a correction and then continue growing for years to come.
👉 We will have a massive bull-market next year, 2024, and beyond.
Leave a comment with your questions.
Remember to follow and boost if you enjoy the content.
If you don't enjoy the content, you can still follow.
Namaste.
➖ AVAXUSDT hit a very strong new high (higher high) while the RSI hit a lower high yesterday.
Volume has been dropping since mid-November.
Today volume is really high but obviously red. If the day were to close green and a new high, it can signal additional growth but this is unlikely, seeing that the entire market is already in correction mode.
➖ It is still early, but caution is advised at this point.
In the short-term or medium-term, a correction can develop and this is normal and when we compare it to late September we will most likely get a higher low. Which means that the bullish trend, bias, long-term remains intact.
And so, this pair can enter a correction and then continue growing for years to come.
👉 We will have a massive bull-market next year, 2024, and beyond.
Leave a comment with your questions.
Remember to follow and boost if you enjoy the content.
If you don't enjoy the content, you can still follow.
Namaste.
Comment
What you just saw was the last "hooray!"... Massive drop incoming.It will be wild.
I will be sharing a new trade idea once the bottom support is in and we start the new bullish wave.
➖ When it goes up we are bullish.
➖ When it goes down we are bearish.
✅ No discrimination, we adapt to the market.
Thanks a lot for your support.
Namaste.
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