🔴 $AVAX · 1H
Price is $7.32 and $AVAX remains below the averages that capped it earlier. $7.19 on the low side and $7.80 on the high side have contained the last three days. Price is down in the lower third of that range. That is 6.6% to the ceiling and 1.7% to the floor. The 20 crossed below the 50 recently, for only 10 candles, so this leg is still young. RSI at 44 is neutral, so momentum is not blocking a move either way. Over the past day it has traded between $7.19 and $7.62, sitting near the bottom of it now. Turnover is unremarkable, running 1.3x the recent average. Down 2.7% over 24 hours.
DYOR
$AVAX #TechnicalAnalysis
Price is $7.32 and $AVAX remains below the averages that capped it earlier. $7.19 on the low side and $7.80 on the high side have contained the last three days. Price is down in the lower third of that range. That is 6.6% to the ceiling and 1.7% to the floor. The 20 crossed below the 50 recently, for only 10 candles, so this leg is still young. RSI at 44 is neutral, so momentum is not blocking a move either way. Over the past day it has traded between $7.19 and $7.62, sitting near the bottom of it now. Turnover is unremarkable, running 1.3x the recent average. Down 2.7% over 24 hours.
DYOR
$AVAX #TechnicalAnalysis
