AVAXUSDT is Bearish

١ فبراير

AVAXUSDT is experiencing strong bearish momentum and is consistently printing lower highs and lower lows, which according to Dow theory is the classic definition of declining phase. After a small bullish correction, bearish RSI divergence has appeared on 4H time frame, and hence this means that further downside is expected for AVAX. Targets are mentioned on the chart.