AVAX current price is 13.940. From the four-hour chart, the technical outlook is clearly weakening. The MA20 moving average is forming resistance at 14.193, and multiple rebounds above that have been suppressed, unable to break through.
Looking at the indicators, the MACD has already crossed downward, and the RSI is only at 41.3, still in the weak zone, indicating a lack of momentum for the rebound. Trading volume also cannot keep up, clearly dominated by the bears.
Under this technical background, the rebound high can be considered as a point to short. The short-term target is around the previous low at 13.580, which can serve as the first profit-taking point. The current technical situation indeed supports a short-selling strategy.
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gas_guzzler
· 13h ago
It's the same narrative again. How many times has MA been suppressed? Will it really break?
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CountdownToBroke
· 01-10 05:58
Oh my goodness, repeatedly trading at the dead pressure level. This time, it's really time to go short.
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GweiWatcher
· 01-09 06:00
ma20 can't break through, this time it really feels like it's going to break the level
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GrayscaleArbitrageur
· 01-09 05:55
Another bearish signal, MA20 is the top that cannot be broken, I am bearish.
AVAX current price is 13.940. From the four-hour chart, the technical outlook is clearly weakening. The MA20 moving average is forming resistance at 14.193, and multiple rebounds above that have been suppressed, unable to break through.
Looking at the indicators, the MACD has already crossed downward, and the RSI is only at 41.3, still in the weak zone, indicating a lack of momentum for the rebound. Trading volume also cannot keep up, clearly dominated by the bears.
Under this technical background, the rebound high can be considered as a point to short. The short-term target is around the previous low at 13.580, which can serve as the first profit-taking point. The current technical situation indeed supports a short-selling strategy.