Travala.com (AVA) – oversold

AVA / TetherUS BINANCE:AVAUSDT

without_worries

On the above 1-day chart price action has corrected over 80% since last April. Now is an excellent moment to take a long position. Why?

1) The ‘incredible buy’ signal. Also prints on 6-day chart (below) following the previous sell signal.

2) Trend reversal. Price action AND RSI are now printing higher highs / higher lows. Excellent.

Is it possible price action falls further? For sure.

Is it probable? No.

Timeframe: 2-4 months
Projected return: 6 to 10x
Portfolio exposure < 6%

Good luck!

6-day buy signal

You might be interested in …

Trading View May 3, 2022

NOT THE BEST TIME TO HOLD BTC

NOT THE BEST TIME TO HOLD BTC Bitcoin / U.S. dollar BITSTAMP:BTCUSD FallingWedge This is daily renko chart with 1% block size. Renko cuts out all the noise and shows things from different perspective. And […]

Trading View April 22, 2022

Bitcoin – Where will we bottom

Bitcoin – Where will we bottom Bitcoin / U.S. dollar BITSTAMP:BTCUSD jamesdbarnard 200 moving average has provided vital support to us on many previous occasions particularly after ‘death crosses’ under the other major MA’s The […]

Trading View April 2, 2022

ALL THIS CRAP THEY WRITE

ALL THIS CRAP THEY WRITE Bitcoin / U. S. Dollar KRAKEN:BTCUSD nigel62e Cryptopotatoe – ” …Another bearish scenario would be for the price to form a relatively higher high, with RSI signaling a bearish divergence. […]