Hello everyone!
Price movements are narrowing down and creating some kind of a triangle. First support would be triangle's lower line. Potential resistance levels are on the chart. I am sharing Kucoin chart because it has much more history. And bigegr picture will be attached under this one.
Have a nice day!
Price movements are narrowing down and creating some kind of a triangle. First support would be triangle's lower line. Potential resistance levels are on the chart. I am sharing Kucoin chart because it has much more history. And bigegr picture will be attached under this one.
Have a nice day!
Comment:
Then a new rally?
Here you can see weekly time frame and EMA ribbon, when AVA fell down under EMA ribbons and bounce back in few weeks, some accumulation occured afterwards. We can see the same structure here.