✴️ Avalanche Set To Drop Followed By More GREENThe 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.
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