As you can see, AVAX is retracting to its bounce zone, to confirm support but also:
1- Bouncing of Baseline
2- O.5 Fib level
3- RSI forming bearish div but OBV rising, indicating that this Div is probably a retracment!
4- Broke down trend.
I think Avax will bounce here or will drop to the 0.38 fib then bounce back up!
Many people are excited about #Bitcoin goint to 55K, however, the chart says it all. The only healthy way to carry on is to cover the imbalances created by this impulse and the chart is giving the signs that this will happen.
I think it is very healthy for Bitcoin to drop top 52-51K before exploding to the updside.
In here, share why I think $HTR is very Bullish!
Key Levels:
1- Bouncing off Gann support, Daily support and 0.236 Fibonacci
2- Patterns: Broke a downtrend structure and formed a bullish chuvashov fork pattern (reversal pattern)
3- Volume: Bounced of a key point of value level and now getting into another key point of value level which might trigger another...
LUNA at a tipping point now, if it did pump up and invalidate the Chuvashov's Fork and the double top formation, then the RSI and OBV divergences will play out which might push it back to 45$ then 39$.
It broke downwards trendline forming a bullish chuvashov fork. Volume is on the rise although the price was ranging, RSI developled a Bullish divergence.
