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)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.