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Technical analysis by SubasicSinisa about Symbol AVAX: Sell recommendation (12/16/2023)

https://sahmeto.com/message/607520
SubasicSinisa
SubasicSinisa
Rank: 18262
Sell،Technical،SubasicSinisa

Avax price is at strong historical (2021) resistance on the weekly chart. Rsi is in the high oversold area. On the daily chart the volume is dropping for six days and the price can't break 42ish resistance (bearish divergance). Also the Rsi is above 90 on the daily chart. My opinion is it needs to cool down before another jump.

Translated from: English
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Signal Type: Sell
Time Frame:
1 week
Price at Publish Time:
$41.8
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