THIS TOKEN HAS BEEN SITTING BELOW ITS YEARLY LOW (PRICE ACTION CONFIRMED)
If you're looking for tokens that have their price actions confirmed, then, you're in the right place.
Here's why.
Every market's structure starts with the accumulation phase and as such it will undergo with the other 3 phases after the 1st one for a long period of time. Since this would happen after a long period of time, there will be processes where it will take months to finish. As an example, AVA has been sitting at its accumulation phase with the price trading below its yearly low. There are tests done above the support in order to ensure the strength of this token is enough for the upcoming next phase. Before the next phase happens, there will be series of short-term consolidation where buyers and sellers will certainly meet their orders. Within these levels, day traders will be able to take profit with any of their short or long trades, e.g. buys from 0.466 and sells from 0.593. Since the selloffs from the recent decline were already devoured by buyers' sentiment. We can safely assume that this accumulation will showcase many buy positions may they be sniping for entries at these demand zones or simply taking long positions for long-term. In the event a short-term rally will occur, many will then conclude that the market will already be at its markup. Although, the best way to confirm this is to be patient and silently observe the market before reacting immediately. Just look at what happened with BTC, after its decline and accumulation it didn't immediately do a markup. Instead, it was a steady rally before the breakouts occurred.
Stay wise, trade cautiously.
#GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY
@GAINERSPACK tg
