✴️ Avalanche Set To Drop Followed By More GREEN

The RSI peaked 12-November for AVAXUSDT (Avalanche). The next high produced the first bearish signal in the form of a bearish divergence with the RSI.

➖ AVAXUSDT hit a very strong new high (higher high) while the RSI hit a lower high yesterday.

Volume has been dropping since mid-November.
Today volume is really high but obviously red. If the day were to close green and a new high, it can signal additional growth but this is unlikely, seeing that the entire market is already in correction mode.

➖ It is still early, but caution is advised at this point.

In the short-term or medium-term, a correction can develop and this is normal and when we compare it to late September we will most likely get a higher low. Which means that the bullish trend, bias, long-term remains intact.

And so, this pair can enter a correction and then continue growing for years to come.

👉 We will have a massive bull-market next year, 2024, and beyond.

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Namaste.

تعليق:

What you just saw was the last "hooray!"... Massive drop incoming.
It will be wild.

I will be sharing a new trade idea once the bottom support is in and we start the new bullish wave.

➖ When it goes up we are bullish.
➖ When it goes down we are bearish.

✅ No discrimination, we adapt to the market.

Thanks a lot for your support.

Namaste.