AVAX, the rebound is relatively smooth.The following are machine translations:
On the daily chart, it fell to around 22.3 on May 12, stopped falling and rebounded, and then fell in shock. After falling below the short-term rising trend line, it accelerated and fell back to the previous low. It fell to around 22.5, stopped falling and rebounded. Yesterday’s rebound was positive and negative. Continue to rebound today, which is currently in a stable state, and it is expected that the short-term rebound will continue in the future.
The indicator macd is the bottom background state, the energy column is running above the zero axis, and the bearish power is gradually weakening. The RSI indicator rebounded below the oversold area of 30, which is also a bottom divergence state, and began to turn upward and rushed above 30, showing a short-term bullish trend.
In operation, if there is a step back, you can look for a low point and do more, and the maximum drop is below the 20 stop loss, and the short-term target is near 30.
