Around 20 days ago, I shared a #hopium dose post with trading analysis for the AVA token, but which was very valid for almost every altcoin.
Today, three weeks later and turning our head back, seems that the bounce came around 10 days after the post. I'm overall happy with my accuracy, but there's always room to improve.
Today I'm charting AVA, like before.
Once again, I find it incredible how a single support line could be enough to give yourself an unfair advantage vs other market participants (the difficult thing to do is anticipating early this kind of rare buying spot).
The MACD crossover happened in the 3D, what's next? Looking at the Weekly chart looking for confluence:
Look at the bounce from the support line (which also coincides with the previous top from summer 20'). that's exactly what we're looking for!
When 2-3 (or more!) buying signals agree to something, you better shall pay attention.
Also, according to my estimation (amazing drawing skills btw), the next crossover should happen somewhere around September-October. We have some time until then but don't sleep at it.
Attention: highly speculative guessing here.
I was wondering where AVA could possibly go If we really have to witness the biggest bull run ever yet.
What if something like this happens? Since the low, it's a +1000% up in half a year. Like we had between October 2020 and May 2021.
Although you may think that I'm a bit drunk with this kind of TA, consider the following:
My next post regarding my side project Seed will be about showing 'how to' value the token and how the price will increase in the following months (don't want to say weeks).
Also, expect the first week report with 'from were we starting out' data.
It's 1 of August damn. Full Spain going on vacation and I don't even want to (not in the mood, dunno). Whatever, have a nice Sunday.
And yes, keep stacking. Not financial advice and all that stuff.
Full Disclosure: I own some AVA, but not anywhere near what I used to hold a few months ago. I believe 'pure' Defi coins + NFT related projects will pump harder when the max euphoria phase returns again.
However, AVA is one of those safe plays where you know that the project isn't going anywhere. It's a great long-term hold but fails to attract short-term hype (which itself isn't bad, but you get my point). Act accordingly.
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