AVT has been firmly stuck in a bear trend for the week or so. The chart started off looking very bullish, but has since pulled all the way back to the original .786 fib line. It appears we should be nearing a reversal, as two patterns have clearly formed that suggest a breakout above $3 is on the horizon. When we look at the trend lines we see a falling wedge,...
After failing to hold its levels yesterday, BITFINEX:AVTUSD appears to be working on the CD leg of a bullish cypher, which means a buy opportunity is on the horizon. At writing, it is nearing completion of a bear flag & should begin descending to the .786 fib line where there will be strong support. This chart has made some sharp moves recently & I expect we...
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...