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š¹ Current Price: $0.6300 (-3.43%) š¹ 24H High: $0.6592 š¹ 24H Low: $0.6284 š¹ 24H Volume: 2.12M AVA
š Technical Indicators & Signals:
šø Moving Averages (MA): ⢠MA (7): 0.6339 (Short-term) ⢠MA (25): 0.6416 (Medium-term) ⢠MA (99): 0.6438 (Long-term) ⢠Bearish Crossover Alert: The 7-day MA has crossed below the 25-day MA, signaling a downtrend continuation.
šø Price Action & Trend: ⢠AVA faced resistance at $0.6801 before dropping. ⢠The price is currently trading below all key moving averages, which suggests bearish momentum. ⢠Continuous lower highs and lower lows confirm a downtrend.
šø Support & Resistance Levels: ⢠Immediate Support: $0.6284 (24H Low) ⢠Key Resistance: $0.6416 (25-day MA) ⢠If AVA breaks below $0.6284, the next support zone could be $0.6200-$0.6150.
š¢ Trading Signals:
ā For Short Sellers: ⢠If price fails to reclaim $0.6339 (7-day MA), shorting on retests with a target of $0.6200-$0.6150 could be a good strategy. ⢠A stop loss above $0.6416 (25-day MA) to minimize risk.
ā For Long Traders: ⢠A breakout above $0.6416 with strong volume could indicate bullish recovery, targeting $0.6500+. ⢠Look for confirmation with bullish candles before entering long positions.
š Overall Bias: Bearish ā AVA is in a short-term downtrend, and traders should be cautious unless a reversal signal emerges.
ā ļø Disclaimer: This is not financial advice. Always do your own research before making any trading decision.
š¹ Bullish Above $1,990 ā If ETH breaks resistance, expect a push toward $2,020-$2,050. šš š» Bearish Below $1,970 ā A drop here could lead to $1,950 or even $1,930. šØ
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