$AVAX is up 37.96% in 30 days and has gone nowhere for a week, down just 0.46%. that reads like a pause, not a top.
it beat BTC by 29.2 points over the month. volume over the last 5 days is only 0.61x the 20 days before, so nobody's rushing for the exit. daily RSI is 48, nowhere near stretched, and Bollinger %B at 0.12 says it's sitting near the bottom of its range. the screener scores it 8 out of 14, so it's a decent setup, not a lock.
the last 24h ran from $9.34 to $10.09, and price is back near the top of that. I'd rather buy a pullback that already got bought than chase a green candle.
$AVAX trades at $10.03 right now. if it holds yesterday's low at $9.771, i think it grinds up to the daily EMA20 at $10.3636, about 3.3% away. if it loses $9.771, i'm wrong on this and there's nothing to defend. anyone long is down about 2.6% from here by then.
$9.771 holds or breaks?
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it beat BTC by 29.2 points over the month. volume over the last 5 days is only 0.61x the 20 days before, so nobody's rushing for the exit. daily RSI is 48, nowhere near stretched, and Bollinger %B at 0.12 says it's sitting near the bottom of its range. the screener scores it 8 out of 14, so it's a decent setup, not a lock.
the last 24h ran from $9.34 to $10.09, and price is back near the top of that. I'd rather buy a pullback that already got bought than chase a green candle.
$AVAX trades at $10.03 right now. if it holds yesterday's low at $9.771, i think it grinds up to the daily EMA20 at $10.3636, about 3.3% away. if it loses $9.771, i'm wrong on this and there's nothing to defend. anyone long is down about 2.6% from here by then.
$9.771 holds or breaks?
follow me for more calls like this.