Hello everyone !
Today the Black Cat Trader is analyzing AVA based on a weekly chart.
What we can see :
AVA is still trading under the downtrend line (yellow) and prices are located on the lower line of the pitchfork which is a good support right now. Note that prices are stuck under the EMA21.
What we can expect :
If prices manage to break the downtrend line, we can expect AVA to reach the intermediary lower line of the pitchfork (which would act has a resistance). A pull back on the downtrend line would be perfect to send AVA to upper levels
Major resistance : Downtrend line
Major support : Lower line of the pitchfork
TP1 : 11,74 $ (1.618)
TP2 : 18,03 $ (2.618)
TP3 : 24,33 $ (3.618)
TP4 : 30,62 $ (4.618)
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Today the Black Cat Trader is analyzing AVA based on a weekly chart.
What we can see :
AVA is still trading under the downtrend line (yellow) and prices are located on the lower line of the pitchfork which is a good support right now. Note that prices are stuck under the EMA21.
What we can expect :
If prices manage to break the downtrend line, we can expect AVA to reach the intermediary lower line of the pitchfork (which would act has a resistance). A pull back on the downtrend line would be perfect to send AVA to upper levels
Major resistance : Downtrend line
Major support : Lower line of the pitchfork
TP1 : 11,74 $ (1.618)
TP2 : 18,03 $ (2.618)
TP3 : 24,33 $ (3.618)
TP4 : 30,62 $ (4.618)
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)