I think that
$AVNT has already corrected what was necessary and that being more volatile it will return soon to levels of 1.80
Currently, it has cleaned its short RSI line in the 24H view which had the highest overbought load and greatest need for correction.
Days ago I was making short gains with this symbol and ASTER/USDT, unfortunately, I couldn't catch the big dip
But now the levels I was expecting have been met. And, I think that if
$BTC holds strong at the level of $109K~$108K and recovers levels of $110K - or better yet $112K - we could see an accelerated rebound due to the volatility of that coin (AVNT). Of course, I also believe in the opposite hypothesis, watch out if BTC loses the support of $108K it could easily send AVNT to levels of $1.30
This post does NOT constitute financial or investment advice in any form or measure. DYOR.
While I wait for the bounce of
$XRP to "normal" levels, maybe I earn a few cents with this hobby that I am learning.
#MarketPullback #BTC #XRP #AVNTUSD