$AVAX is up 41.12% on the month and sitting 0.2% above its daily EMA20 at $10.4545. that one line is the whole trade.
the week is ugly, down 5.82%, 3.9 points worse than BTC. but the month is 32.6 points better than BTC. a coin that ran that hard and is only back at its 20 day line looks like it's catching its breath. daily RSI is 53, so nobody's overheated.
the soft spots are real. volume over the last 5 days is 0.81x the 20 days before, and the daily MACD histogram is still negative. the screener scored it 9 out of 14, not 12, so I'm not calling this a monster.
$AVAX trades at $10.48 right now. if it holds $10.4545, I think it pushes through yesterday's high at $10.505 and goes after the 24h high at $10.68. if it loses $10.4545, I'm wrong on this and there's nothing to defend. anyone long gives back the bounce off the $10.12 low.
holding $10.4545 or losing it, which side are you on?
follow me for more calls like this.
the week is ugly, down 5.82%, 3.9 points worse than BTC. but the month is 32.6 points better than BTC. a coin that ran that hard and is only back at its 20 day line looks like it's catching its breath. daily RSI is 53, so nobody's overheated.
the soft spots are real. volume over the last 5 days is 0.81x the 20 days before, and the daily MACD histogram is still negative. the screener scored it 9 out of 14, not 12, so I'm not calling this a monster.
$AVAX trades at $10.48 right now. if it holds $10.4545, I think it pushes through yesterday's high at $10.505 and goes after the 24h high at $10.68. if it loses $10.4545, I'm wrong on this and there's nothing to defend. anyone long gives back the bounce off the $10.12 low.
holding $10.4545 or losing it, which side are you on?
follow me for more calls like this.