AVAX short on its test of $85 head and shoulders

We called AVAX short at its push for $100 and were correct.

Now it is coming to test the $85 resistance zone and this head and shoulder pattern has developed.

There is also a lack of demand according to on chain data.

I have pointed out with vertical lines how accurate this RSI histogram has been for buys and sells, and right now it is all over the sell signal.

I do believe AVAX will push for $85 and hit and that is when I will be shorting.

Good luck traders.
avalancheavaxBitcoin (Cryptocurrency)BTCcryptoCryptocurrencyFundamental AnalysisTechnical IndicatorsTrend Analysis

Also on:

Related publications

Disclaimer