$AVA: Major Support Breakdown Confirmed on $AVA Higher Timeframes
SHORT SETUP AVA
Entry: $0.41050 - $0.41150
Stop Loss: $0.42744
Take Profit: $0.37812 (2R)
Key Levels: Support $0.40680 | Resistance $0.41180
Technical Analysis for $AVA: Price sits above the 21, 50 and 200EMA but below the 9EMA, RSI is neutral at 53.5, MACD histogram is negative and Stochastic K is under D, all pointing to downside pressure. ADX at 36 shows a strong trend, and the orderbook imbalance of 37 % adds bearish bias. Resistance is near 0.4118, support around 0.4068.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 71 % of assets red.
SHORT $AVA
SHORT SETUP AVA
Entry: $0.41050 - $0.41150
Stop Loss: $0.42744
Take Profit: $0.37812 (2R)
Key Levels: Support $0.40680 | Resistance $0.41180
Technical Analysis for $AVA: Price sits above the 21, 50 and 200EMA but below the 9EMA, RSI is neutral at 53.5, MACD histogram is negative and Stochastic K is under D, all pointing to downside pressure. ADX at 36 shows a strong trend, and the orderbook imbalance of 37 % adds bearish bias. Resistance is near 0.4118, support around 0.4068.
Market Context: BTC is in a bearish 4hour trend and the broader market is broadly negative, with 71 % of assets red.
SHORT $AVA