I simply used a Fibonacci Extension for the ABC move with C extending to about 100% of A, which happens to also coincide with the quite common Fibonacci 61.8% retrace level. I also used the level of indicators near the overbought levels for backup. BTW I haven’t come here to argue, as I simply presented a TA based opinion and am happy to be wrong, especially if someone is ready to show where I misinterpreted the chart. I‘m not trying to down ramp or saying AV1 business model is no good. Actually at this stage I had only a quick look at what AV1 is all about and liked what I saw. However as we all know nothing goes up in a straight line and so there usually are some corrections along the way - this could be one of them!
AV1 Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
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