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 13, 2022

Possible BTC Supports !

Possible BTC Supports ! Bitcoin / TetherUS BINANCE:BTCUSDT KatoshiCoins What you think about those support at 17-20k? And what you think about the support of the big broadening wedge that has been created?

Trading View March 18, 2022

LTC rejects $112 as correction looms

LTC rejects $112 as correction looms Litecoin BITKUB:LTCTHB eranpali TL; DR Breakdown Litecoin price analysis shows litecoin is struggling to maintain price levels. Support for LTC is present at $107. Resistance for LTC is present […]

Trading View February 20, 2022

TRXUSDT 3D TA : Next MOVE

TRXUSDT 3D TA : Next MOVE TRON / TetherUS BINANCE:TRXUSDT AtonicShark In the 3-day timeframe, it is on the dynamic resistance of its downtrend line. If the trend line breaks upwards, an uptrend will be […]