I am writing again about AVA, and this might be the third or fourth time I'm doing it on leofinance in the last couple of weeks. This time though I'm not shilling it or winning about catching a falling knife with it... I actually sold my AVA this morning... Yes, just yesterday I was telling about my $3 price target and now it's already sold.
I got into it when it was $0.60 and sold it this morning at $0.88 per coin. Not a bad trade, and there's of course the probability that I will regret it in the future, but that's what my gut feeling told me. The reason why I thought it would be a good decision to sell was the RSI on tradingview for the AVA/BUSD pair, which in my opinion looks like oversold as hell. It's close to 80 and the token has simply been on a run for the last couple of days so my gut feeling told me it's not going parabolic.
My intuition tells me that it's gonna have a correction if it's indeed deemed to moon in the following weeks or months, and if that happens I'll buy it back once it gets close to the $0.60 area... I guess I'll might FOMO and buy into it at 70 cents as well... Will wait and see how the price evolves. Meanwhile, I don't like staying parked on USDT hence I invested all the money, which is my $500 initial investment and the $320 that I got on profits, in ORN. Another gem shilled by ...
So, if AVA doesn't get back to my desired entry point, at least I have my money on some other ready to pop crypto. Or... I might jump from one to another if ORN pops and AVA falls and this would be the best trade, as I would literally be able to buy way more AVA than I had, probably even double the amount I had.
I still consider both of them promising, but AVA and its blown RSI was screaming sell me... and that's what I did. It might have been a false flag, and AVA will probably get way higher before correcting, but my intuition didn't see this on the charts, and the RSI was the determining factor for getting out of AVA. Now lets see what ORN does... For now seems to be bottoming at $1.42. I actually already had some ORN bought at $1.75, but got to buy myself more on this trade.
Lets see now what other gem has senior Empo on his shilling riffle, I might get another good trade. Bitcoin seems to be trying again to blow that $14,000 resistance and the more it tests it the weaker it will become. By the way, it seems that the US elections are not influencing the markets too much, at least not crypto, so maybe we will see a $15,000 BTC by the end of the week. What do you think?
Thanks for attention,
Adrian