AVNT is sandwiched between the 100 and 200 moving averages on the 4-hour chart—this position is a bit delicate. The 200 moving average currently acts as a strong resistance, while the 100 moving average provides support below. It seems that the bulls need to regain control of the situation, and first must hold this support level. Once broken, there is likely room for further decline. Conversely, if the support holds steady, the 200 moving average becomes the next target. What do you think about this pattern?
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ZKSherlock
· 01-09 10:53
actually... this is just moving average tea without addressing the underlying trust assumptions here. how are you even confident in the data feeds pumping these numbers? 🤔 probably not thinking about the computational overhead of verifying this on-chain, ngl
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blocksnark
· 01-09 05:01
Being stuck in the middle is just waiting to die; breaking support means it's over.
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GateUser-afe07a92
· 01-06 19:00
This 100 line must be held, otherwise it will really continue to fall.
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just_vibin_onchain
· 01-06 18:57
This pattern is just repeated friction; let's see who breaks the level first.
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BlockBargainHunter
· 01-06 18:56
This position is indeed delicate, but it still seems that the bulls are a bit exhausted.
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MEVHunterLucky
· 01-06 18:55
Once the 100-day moving average breaks, it's all over, bro.
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SchroedingerAirdrop
· 01-06 18:54
If the 100-day moving average can't hold, I'll just liquidate everything directly. No more messing around.
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GasWaster
· 01-06 18:38
ngl this squeeze between the 100 and 200 ma is giving me flashbacks to every failed tx i've ever made... stuck in limbo waiting for confirmation, except this time it's price action doing the limbo lol
AVNT is sandwiched between the 100 and 200 moving averages on the 4-hour chart—this position is a bit delicate. The 200 moving average currently acts as a strong resistance, while the 100 moving average provides support below. It seems that the bulls need to regain control of the situation, and first must hold this support level. Once broken, there is likely room for further decline. Conversely, if the support holds steady, the 200 moving average becomes the next target. What do you think about this pattern?