Overbought AVAX is on uptrend and MA200 is way too far.
Just like on Jan 17 there was similar situation. Spike -> Consolidation -> false break up and bounche to MA200 -> bounce up.
I expect to see that again. This asset need liquidity at that is how it is going to get some.
A bit of a gamble to try to catch that turning point but I trust to fib 0.1 level.
Just like on Jan 17 there was similar situation. Spike -> Consolidation -> false break up and bounche to MA200 -> bounce up.
I expect to see that again. This asset need liquidity at that is how it is going to get some.
A bit of a gamble to try to catch that turning point but I trust to fib 0.1 level.
Trade closed: stop reached:
False break was disappointment. No harm done.