$AVA After reaching a six-month high, there are roughly three possible paths ahead:
① It retests 0.3385 and holds, turning the previous high into support; ② It consolidates at elevated levels as trading volume gradually tapers off; ③ It falls back below 0.3385, turning the breakout into a false one.
The current price is 0.4015, still above the previous high, so it’s too early to tell which scenario will play out. Trading volume was five times the 20-day average, so whether volume can stay elevated will be key.
How do you interpret this information?
DYOR, and participate responsibly.
① It retests 0.3385 and holds, turning the previous high into support; ② It consolidates at elevated levels as trading volume gradually tapers off; ③ It falls back below 0.3385, turning the breakout into a false one.
The current price is 0.4015, still above the previous high, so it’s too early to tell which scenario will play out. Trading volume was five times the 20-day average, so whether volume can stay elevated will be key.
How do you interpret this information?
DYOR, and participate responsibly.