Aventus is a digital currency to facilitate the payment of tickets for events, something very common for us, but still obsolete. As you know, there is ticket traffic, lots of banditry behind and lots of money involved. AVT is a relatively new currency, and was listed on BitFinex on 10/10. Its value ranged from under $ 4 to up to $ 6, this already shows a...
This chart has been contracting for a few days & is charging up between the .618 fib line & making it's way toward the .5 fib at 3.3. I'm somewhat surprised it fell this far to begin with- it seemed poised to follow ETPs footsteps up above $5. Nevertheless, it has now reached a strong support zone & I expect we will see confirmation of reversal shortly when 3.3...
Probably today, the price will reach 3.3 after the re-entry on the primmary channel.
Target of flag is 5usd which lines up with the 4.25 ext of the 1st wave and approximately top of bullish channel. Stop loss below last structure high / (trailing) below parallel baseline
AVT has closed below the 200 day MA. I have a short position and am looking for it to head back towards support at 42.30 to 42.50 - If you would like to get some more analysis and some signals you can always get them from SimplePips Club Facebook Page. www.facebook.com